Ann: Market Update-AYB.AX, page-10

Hi delux.. basically and throw in lots of non disclosure.

AYB announce an ambitious plan to raise money to purchase and improve 5 farms for $50M

AYB then announce that ICBC Capital P/L (PL and friends) is to arrange the money in the form of bonds. (How much was ICBC C. involved in the initial planning of this deal.)(You should be able to see the opportunities for Pl here, based on what you know)

ICBC Capital P/L fall over.

AYB announce they have terminated the ICBC C. agreement.

A series of 3 (bad) linked press articles appear.

The 3rd article really bags the main AYB man.

The news article states that ICBC C. was to "invest" in AYB but did not because ICBC fell over.

AYB had 1 existing asset, the lamb business. ( according to the press it was a subsidiary of AYB)

It has now surfaced that a director of ICBC Capital P/L "purchased" the lamb business in June. So how and why did a director of the failed ICBC Capital P/L end up with the lamb business? (Hmmmmm?)

It would appear that there might be some very unhappy people involved as it seems that someone "in the know" has been talking to the press - based on the use of the words "sources told The Weekly Times"

It ain't over yet!!

As a note- Ages ago I had a post on the CTR thread deleted along with a warning from HC for offering a reason why Komodo Capital was renamed ICBC Capital P/L
and also suggesting that it could be confused with the Chinese bank ICBC.
Which happened on the AYB thread earlier this year.