Phone conversation with Neil today, page-10

iona

Please do not borrow against your home or put your Super in to this dog. Listen to jaybay ! There is further dilution ahead for shareholders with too many shares on issue. And in my opinion leading to a consolidation which will lead to significantly more dilution to shareholders.

Have a look at all the struggling dogs past and present on the ASX. They all do the same thing. Capital raisings diluting shareholders. Of course no dilution to management salaries in this process. It's all about management salaries at the dog end of the market. In the end too many shares on issue leading to a consolidation. Leading to massive dilution to shareholders all the while management salaries are not affected. I'm repeating this because it's important to understand ! !

I would take no notice of what management say they have had long enough to show their true colours. And show their true colours they certainly have ! Learn from management. They know what is important. You need to look after number one.

In the final analysis there will be enough good people financially hurt by this investment if that's what you call it. Don't be a fool !

If you want to put Super into a gas & oiler Woodside Petroleum would be the way to go. Not this dog. Not by any measure is this stock investment grade. If you wouldn't throw your Super on to the roulette or black jack table............why throw it at this dog in my opinion.