The New Company, page-48

What a start this mob of hotshots have presented - looks like more of the same as Shabby served up.

Looks like the original prospectus had a few issues. How unusual at this end of town

Lousy pointers re the future, when you cannot get the original offer correctly presented. Suggests the homework was sloppy at the first attempt

This Supplementary Prospectus has been prepared to:

(a) extend the Closing Date of the Public Offer to 5 June 2020; (If that is met I will do cartwheels from one side of Australia to the other)

(b) advise investors that the Company will be lodging a replacement prospectus (Replacement Prospectus), which will contain:

(i) updated disclosure on the Company’s operations following the anticipated receipt of chemistry and mineralogy results from drilling undertaken on the Mt Marshall Kaolin Project in the coming weeks, together with an updated Independent Geologist’s Report, which will replace the Independent Geologist’s Report in the Original Prospectus;

(ii) a revised structure to the Offers and updated disclosure relating to the Company’s capital structure following completion of the Offers and updated disclosure on the Company’s proposed use of funds at Section 5.12 of the Original Prospectus;

This Supplementary Prospectus dated 14 April 2020 is intended to be read with the original prospectus dated 5 March 2020 issued by Ultracharge Limited (ACN 140 316 463). 2 (iii) further disclosure with respect to the Company’s arrangements with the Lead Manager and Astrid Hill, including further detail with respect to the Company’s entry into the Lead Manager Mandate;

(iv) a revised timetable to the Offers; and

(v) an updated financial information section arising as a result of changes to the structure of the Offers. (c) advise investors that, subject to approval from ASX, a notice of meeting will be released to the market for a general meeting of Shareholders for the changes to be contemplated by the Replacement Prospectus.

The marketing plan looked like it came from a used car sales yard.