Hi MeToo, I won`t debate the merits of 3B`s here, except to say...

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06/09/18

20:57

Post #: 35455129
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Originally posted by MeToo ↑

Hi purpose, I hope the following makes sense?

Cut and paste From the 3Y dated 26-Mar-2018

Note the words - “Agreement to convert loan to shares, subject to share holder approval.

“Paul Duckett

To be issued to Meridian Fertilisers Pty Ltd, a director related entity, or their nominee.”

“Agreement to convert $150,000 loan to shares at a conversion price of $0.01 (conversion is on the same terms as the non-related shareholders who converted on 7 February 2018) subject to shareholder approval.”

“Agreement to convert loan to shares”

((The above was originally stated as a $150k loan converting to 15,000,000 shares. Res 5 now states $140k and 14,000,000 shares. There was a 3b that stated 1,000,000 shares were issued at 1c = $10,000.00 (to who?)))

Ray Taylor

“Agreement to convert $15,000 loan to shares at a conversion price of $0.01 (conversion is on the same terms as the non-related shareholders who converted on 7 February 2018) subject to shareholder approval.”

“Agreement to convert loan to shares”

Res. 5 & 6 - asks for shareholder approval. They, the shares have not been issued yet! All they have is an agreement! So no 3b!

Please correct me if I have missed something.

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Hi MeToo,

I won`t debate the merits of 3B`s here, except to say Convertible Notes require a trail of evidence by their nature as do many other corporate activities. A court of law allows and demands evidence to be closely examined. Currently the directors are delaying in providing information that is required under the Corporations Act and ASX listing rules.

PDF Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Hi MeToo, I won`t debate the merits of 3B`s here, except to say...

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