Ann: Update on Notices under section 249D of the Corporations Act, page-8

grolph, they may have been given notice that 249D trumps application to delist, therefore trying to get this to go away so delist can move forward.

Another bonus for the Board of course is if the 249D is withdrawn there is no dirty washing out in the open. What an incentive for the continuation of 249D in my opinion!

TIO should not get a vote on the 249D because of conflict of interest due to their total involvement in the Loan facility and the presence of Directors with conflict of interest as well. This is why they must be jettisoned from the Board ASAP.

All the above is my thoughts only dyor.