Also go to page 10 of the announcement of the 31st October...

Also go to page 10 of the announcement of the 31st October and by adding the total amount of the con notes together you will arrive at $7.1m which @ the discounted price gives you 2 billion shares. So these very well paid employees and the major shareholder are going to get so many shares that your 4 million are WORTHLESS. Also if the company cannot pay these debts to them they take just  take over the assets as these notes come with security whereas your shares are not secured.

That is why the 5 for 2 is now useless and irrelevant as why would you purchase shares @.4 cents when so many others who have inside information being the major shareholder and employees will be able to convert their notes @.35cents and also have security. They have much better knowledge and security.

 IMHO

It would have been impossible for an expert report to comment on this as it is UNBELIEVABLE and UNHEARD OF and that is why possibly there is no AGM

Doesn't it bother you that these employees may not be doing the right thing......just look at the massive admin and corporate costs, staff and other costs in the last announcement.......they are certainly not frugal  I think they must have a shredder in the back room and when the cash comes in from the mint they shred it .So please do not feel sorry for the Board or senior management as they are very well paid and for all we know now have secured debts over the company which they can convert @.35 cents and if they keep being so extravagant can take the company over very soon.

So it won't be long to wait and your 4 million will be worthless either by dilution or through takeover if you stick with this mob.