sitting tight, page-8

Hi Steve

I think Vic needs to fully outline his strategy with the rights issue. I don't have any objection, if it means we have to double up our holdings (to avoid being diluted), if this means that there will not be a float of ACC, and the company will have sufficient funds to ramp up production and pay out half the debt to debenture holders. it still strikes me as odd and desperate that they would double the amount of stock on issue at such a low price.



Will it still be done at 0.004c?