Ann: Change to Executive Management of Company , page-26

re: Ann: Change to Executive Management of Co... Oops - I was wildly wrong when calculating the asset backing in previous post - I used the figure of 212,645,805 shares when in fact there were 1,194,464,080 shares as at 30/6/2013.

It has since grown to 1,267,536,297 shares issued with 216,731,112 Options out there. (see todays ann.)

So, total equity of $131,597,049 represents equity backing of $0.11 cents per share.

Less whatever they've blown this financial year - would be plenty I suspect, paying accountants and auditors (something they've skimped on in the last few years)

So I dare say that upon eventual re-listing, the share price will struggle to get to $0.01.