Clive and family.......
as far as I can make out by today's extraordinary meeting notice and the unveiling of the "astute investor underwriters" within......it reveals......
the underwriting @ 4 cents only applies to Linq Capital whose sole benefactor is the donner family.....
the agreement was agreed on 16/12/05....
thats funny isn't it considering I was told back in september that they would be underwritten?
the other underwriters as far as I can see have to pay 5 cents.......
whoever they are they are nicely hidden....
linq Capital underwrite 59.2m options @ 4 cents.......
now also being a top ten options holder with 36.1m options (No 1 holder) as at 29/12/05.....why didn't you exercise these @ 5 cents clive?...I was told you would!
and isn't it funny that when they get the new shares their holding of 22.69% of the company is still exactly the same as before......no dilution!
why did ANZ nominees sell 70m or 70% of their holding between sept and dec to absolutely destroy any chance of the options being exercised by the rightful owners......
coincidence or pay back and pressure for project finance?
the independant Rothsay valuation is "market value".....
the last time they put a price on it!
you work it out!
WTE
wedgetail mining limited
underwriting benefactor......
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