Ann: Update on Takeovers Panel Application and Timing of AGM, page-2

Given the clear attempt by the board to dilute the major S/H the very day prior to the AGM, I am surprised that the TOP did not simply state the AGM was to take place at the set time, but that the share issue to the 'friendly' insto ought to be delayed in issue as per other shareholders.

So the board still get their dilution in although not as viciously, and get to choose who to allocate the likely significant shortfall to.

A warning to all foreign investors, what to expect from the ASX, I guess.

'mma welcomes the outcome'. lol.