What's going on ?, page-17

It is an understandable reaction to the 4E accounts and proposed capital restructure. The company appears to be far less profitable than has been previously assumed. One must consider why the proposed equity for options swap for the JBL/Intiga vendor in combination with the complete write down of acquired contract intangibles (where impairment assessment is measured using a DCF methodology) and the company releasing the vendors from potential liability relating to information provided on employee costs.
I would also question the potential dividend, which will be payable to the JBL vendor despite the proposed equity for options swap.
If the company is looking to grow, in part via acquisition with targets in WA and the eastern seaboard- how is paying out precious cash going to aid this endeavour? They will find it hard to raise capital with a share price in the toilet and a wary shareholder/investor base.