this is just wrong!!, page-9

I have also lodged a complaint with ASIC.
They have already called me.

Otherwise, I don't know anything and never hear anything, but (please don't shoot me, it's as clear as can)

The minimum they require is $8m, for this reason they had to price very aggressively to get participation from the retail shareholders.

The institutions have been hit badly in the last 8-10 weeks – Blackrock had $4b in redemption.

Most funds have lost 70% on resource portfolio and up to 100% on the small cap stocks.

They can not rely on them and they will not move.

An escrow account "can" be used for the shares to board members, but probably a VWAP at of each month



If the minimum not reached, either new prospectus is issued and investors can nominate to return their funds

Or participate in a revised plan – Company has to look at going concern issues.



That doesn't mean much to me but maybe someone will get something ...