Ann: Response to ASX Query Letter, page-12

The Devil may be in the small print terms of the agreements themselves - so why are they not released to shareholders for their scrutiny??
I remember CTM a company which acquired an excellent oil lease in Central America from sellers who were not on arms length terms - the agreement contained a buy back term for $1 cash if at any time CTM could not meet the terms of the acquisition - CTM's cash fell below that level and the buy back was invoked even though CTM had spent tens of millions of shareholders funds and could have done a raise which would have been supported on the strength of pictures of the oil. All orchestrated by the 'advisors'.

It is only right that ASX is being proactive on this matter - they would have saved me a large % of my portfolio if they had done the same on CTM.

I mention the specific details above as an example only - please treat this post in general terms only.