Vote NO to Aurigin Foods Transaction, page-65

From the independent report:

"we believe an approximate current valuation of the business of Aurigin Foods is in the range of $400,000 to $600,000 with a mid-range value of the business at $500,000."

So effectively after loaning Aurigin Foods $500k (unsecured) and an estimated $100k of our employee/management time (which was funded through salary/fees), DAU has risked $600k for a $166k slice of the new entity.

Furthermore we can expect AAL to raise an additional $1-2M capital, no doubt this will be offered on very attractive terms, maybe even to the DAU shareholders who help get this deal over the line. After this CR & dilution via performance rights, will DAU even own more than 10% of the new entity after taking all the risk?

I have seen some shocking deals in the small cap sector over the past 10 years, I think this is probably the worst I have ever seen.