It's a real mixed bag as far as I'm concerned Samson and there...

It's a real mixed bag as far as I'm concerned Samson and there are so many valid points of view. In no particular order of importance:

The Consolidation - maybe reading between the lines it is a way of limiting Lind Partners influence, as they can't keep getting issued at .002. It's possible that the company may need Lind for awhile longer and thus needs to keep its financing options open in the interim. At 10c a share the company buys time to right the ship and keep Lind if need be.

My understanding was that the company was very clear on shareholders views of Lind during the SPP. Now that doesn't mean they can rid themselves of Lind tomorrow and they might argue if it wasn't for Lind the company may not be here today.

Nosy Parker has a valid point if anybody has held this share for longer than 4 months as the disconnect between performance and expectations was huge. Truth is it hurts when others get on board at way lower averages for a product that was meant to be 'market ready'.

Possum has a point as we need the new boys if this is going to have any chance of success from here. The damage has been huge and they'll probably get one shot at getting this right.

Elite also raises a good point - when is the deal going to happen?

The new company secretary seems to be happy to take a chunk of his fees in equity, so maybe that offers some hope/insight?

Both MR & MJ took up their full rights in the SPP and MR via two holdings. Not sure his predecessor ever put his hand in his own pocket.

I like the fact that the SPP was over subscribed and that they didn't do scale backs.

I guess we'll have to see if the non renounceable rights issue eventuates or not.

I'm happy that the GM will be held in Melbourne and hope to attend it.

I also think that MJ having consulted before to CGP means there is some hope that BA has a 50/50 chance of success.

I like the recent changes made at IMU.

All the recent cost cuttings seem appropriate.

Not sure what I think about the consolidation, still reflecting on it.

As I said it's a mixed bag. I've held this stock for two years so it looks like I'll have to be patient for awhile longer as I can't see much happening prior to the GM.