Hi GiddyYup - thanks for enlightening the forum with your three...

Hi GiddyYup - thanks for enlightening the forum with your three astute posts recently. I would particularly like to highlight and concur with a couple of key points you made at the outset:

- "I think if you want to understand what is happening you can't ignore the actions of the past".
- "In fact ASOF's own actions going back a long time didn't seems consistent with an investor intent on helping the company progress to sales".

As always your posts generally provide a thoughtful analysis (classic GiddyYup) of the turn of events. IMHO you gave a far better analysis of the likely motivation behind events than the platitudes we have seen here from muss24au, who has seemed intent on the more general point of soothing the forum that ASOF is our friend because they are supposedly providing a second chance. I don't buy it. I agree with Giddy the rot really set in back when ASOF sued us over a perceived glitch in the funding paperwork. It was hard to think of this as the action of a friend when they demanded a couple of hundred grand from the Company right then when everybody knew it was so stressed on cashflow. If they were really our friend and a genuine funding partner, surely they would have been less litigious at the time and simply pointed out their concern while asking for it to be modified? More recently why would a friend and partner put forward a DOCA designed to unashamedly give themselves 95% of the company - the leopard wasn't changing its spots here either?

Sure - all this leadup stuff is history now - that's the way the cookie crumbled. But it will be interesting to see how this whole story (including any potential for re-listing out of Administration) finally pans out in the last run to the line still to come. Arguably the format of the final play is simply not clear yet.