Zeb, I read your analysis as to the Jefferies CN etc. BMM have...

Zeb, I read your analysis as to the Jefferies CN etc.
BMM have engaged Paganin and they assigned the CN when they bid at 6c and also took up more shares from the rights issuance/shortfall going to 19.7% holding.
So whatever you may think as to the legalities is contrary to what they think.

BMM want more shares
BMM made a lowball bid and failed
BMM is the sole secured creditor of POS
BMM own 19.7% holding
BMM have sent Zumwalt to Perth permanently and she attended the AGM with her suits.
Dennis appears concerned they will bid but has the full support of Squadron/Forrest

I can smell a hostile suitors team and their lawyers when I see them.
They think they are better bigger and stronger than us blowfly eaten sunstruck colonial locals sitting for years on these massive high grade deposits with built workable plants and mines in "very good condition"

If you had attended the AGM you would know it too.
She is hostile, she is our friendly poisonous yankee banker here to give us $100M of cheap bond debt and she wont like to watch us make $Bs on her account.
Antonswig called her the black widow for good reason.

Zumwalt means business and is here to takeover.
The POS team & BOD must prepare and get ready for it and avoid the ANL AGO trap.