scheme voting, page-28

"Reporting always tends to paint a brighter picture than reality, particularly with speculative stocks"

speculative stock? bow is valued at over $500mill, and reached that level prior to this dismal offer of $1.52.

"and grateful a bid emerged before the next capital raising.."

before the bid came in, we had over $80mill in cash. granted, it was going to take some funds to prove up our resources, but $80mill would have gone a fair way to getting us on our way.

Arrow are opportunists, and that is what you need to be to survive. BOW were crippled and had to tread water (quite literally) during the devastating qld floods earlier this year, and for months afterwards. Add that to the fact the share price was manipulated down to make the current offer look fair and reasonable.

Anyone that took part in the recent raising at $1.15 should feel nothing but let down and jacked off that management have agreed to the $1.52 offer.

I can't even get any of the spineless board members on the phone these days, or maybe they are taking call's from Arrow's office these days?