I haven't read every other post on the board so apologies if...

I haven't read every other post on the board so apologies if this has been raised

If ASOF is allowed to issue shares without approval from shareholders and we are correct in saying that they will get 95% of shares on issue then doesn't this raise the prospect of ASOF (with 95%) of shares being over takeover threshold of 90% and able (if it launches a takeover) to simply acquire all other shares at rock bottom price?

It seems to me that if this is the case then we should all be writing to ASX and suggesting that this would be very undesirable and that ASOF should be forced to come to a better arrangement (ie under 90%)with existing shareholders so that there is some chance that we will get something out of it. The fact that directors (ie ASOF) has suggested in one of its releases that we can committ capital means nothing really in context of the above