I mean Rogers......I have to be so careful at the...

I mean Rogers......I have to be so careful at the moment....moderated and suspended etc .

At last years capital raising Ian Gandel did not acquire any shares cheaply that I can remember. It was just the Rogers family who participated in the private placement but ASIC disallowed it but a motion was just arrogantly put up and voted on. I think only about 2% of ordinary shareholders participated in the raising due to the unusual pricing game that they played and the lack of transparency. That is what they were hoping for again this year when they announced a 5 for 2 rights issue raising $10m at .4cents. They knew in advance that very few would participate as they don't really need $10m but they needed to price the shares cheaply and hence the 5 for 2. Also when very few participate it means the ones that do now own a bigger share of the pie.

Their plan is so obvious and that is why there was a 2 months wait after shareholders exposed their plan....they had to come up with another plan. This one has employees and suppliers holding convertible notes!

Disgraceful conduct!!