Ann: Response to ASX Query, page-19

I do not believe they just start buying and sending 249ds, IMO the current board must have been approached and asked to cooperate which they obviously refused and the 249d was the response.

I reckon their mistake was to approach the board because that gave them enough time to do a raise and dilute "cawboys" and the rest of the holders in order to keep control. Thats how i see it.
Hard to believe in coincidence of doing a raise to finance a DD on a new project they never mentioned before on the same day they received a 249d.

BTW ASIC should investigate that as well, because there were no requirements for funding as enough cash in the bank, the only reason was dilution and even though its hard to prove, if it does happen and ASIC goes through their e mails the board and TC might need to give some answers in front of the court.

DYOR