Ann: Annual Report to shareholders, page-7

Yes I agree that the compliance issues had to be resolved first and it's great to see some governance in the Company.

There are plenty of goods reasons for directors to invest in ASX companies. The general process is:
1- Take over defunct ASX listed company
2- pursue some former directors
3 - Invest some money which you will be issued cheap shares for
4 - Complete RTO
5 - Clean up on the share sale when you exit.

Of course the current directors "believe in" the Company (hence have invested their own cash), however there is really nothing to believe in. No project, no assets, nothing. The only thing that they believe in is themselves (which is great), the fact that shareholders need justice (which is also great) not to mention the fact that they are probably going to reap significant financial benefits. I think that the altruistic rubbish and former director persecutions has gone too far. It's great one they have done but the victory laps need to cease.

We get the idea. There were some articles in the Australian and your pursuing former directors in an attempt to recapitalise the Company. Any further mentioned of this and I'm out DAY 1 of relisting.

LET'S SEE SOME REAL PROGRESS!

My opinion only.

- DYOR