Suspension, page-16

Hi Simmo,

I think this is what you're to explain with your statements above?

Announcement 29/05

"Polo has agreed to subscribe for 49% of the enlarged capital of Perfectus"
"In consideration the Company will pay AUD 1 Million in cash and AUD 2 million by way of issuing... to Perfectus".

Sooo Im guessing that means Polo own 49% of what they paid for the 49%? Effectively paying 19c a share.

And they also get the right to purchase another 49% of Perfectus within two years, for 3 million AUD worth of Polo shares at a price of 15 pence a share payable to JG's company?

Cheers
Uttsy