vote no, page-10

How can a Board put up such a ludicrous proposal? A submissision is on its way to Asic asking questions?

We want the accounts. We want to know whether the company is currently operating solvent or insolvent. We want to know what attempts have been made to sell any assets. What are the assets what are the liabilities. Previosly theft was referred to in relation to the sn operations in Tas. Were the Police called? Were the stolen items insured? The company belongs to shareholders we need to know is any more theft going on? A bunch of clowns could probably arrange a fairer deal than what is being proposed by this mob. A special meeting is necessary for shareholders to be given all acccounts and other information so shareholders can then decide the best course of action. Maybe vote the board out and replace with a more shareholder friendly Board that way at least we may be able to minimise damage and not let secret parties enrich themselves at our expense.

It sounds like for a fee of a few thousand dollars they are going to allow this so called consortium to flog off the companies assets for minimal risk.

In conflict of interest terms we need to know whether the consortium has links to the board or includes any key shareholders who may have been given priviledged information. I urge shareholders small or large to phone the company and make your views known. Also contact or write to Asic and put questions and issues to them. Further, contact the ASX and ask about what they doing about the outstanding reports. The more calls received the more likely they will act. Enough is enough.