Bottonfeeder,I am confused by your content reference to the...

Bottonfeeder,

I am confused by your content reference to the creditors making a profit out of this. They will in fact be taking a loss.

Given the market value of the assets, the creditors are taking a massive haircut. The reason it is being backed, is because the creditors would rather get something than nothing.

In the absence of this bid (which it really is) the share price would still be languishing at 6cents at best, with a very real risk that the company would go into administration (pushed by anyone of its creditors).

The risk that the company goes into administration is being severely understated by yourself and others.

Despite the fact that there may be additional value in the assets, all it takes is one of the creditors to have "had enough" and we get to wait 6 months for 3.3cents, rather than getting 10cents in a few weeks.

Im not looking to downramp, and I would love nothing more than for the banks to offer us 11, 12, 15 or 20cents (highly unlikely), but the reality is its more likely that the creditors will throw in the towel (all you need is one of them to call it), and we will be stuffed.

My plea: Please stop understating the risks while out-stating the likely hood of an improved offer.

The creditors are already taking a loss (marked to market), and are offering a deal that will get done quickly.

I think the risk is far greater to the downside (both in terms of timing and $value) than it is to the upside. holding on for 15 or 20cents is like holding on for the Easter Bunny and Santa to come sliding down your enclosed chimney, together, in July!

I think i made my point.

MJ.

PS. Voted YES to everything