Ann: Notice of General Meeting/Proxy Form, page-10

So let me see,
1. I had already considered that this was a dead duck.
2. They want 100 shares that last traded for 1.9 cents to become 1 share at 2 cents.
3. They want to give the "Advisor" 50,million shares at 2 cents ($1 million dollars worth if the 2 cent value held.
4. The Advisor then pays $755,000 to unsecured cretitors, $275,000 to the Administrator and ASX, resulting in the Advisor being out of pocket by $30,000 (the amount of the deposit if the 2 cents holds until they sell. But wait there is more.
5. The advisor is going give away the 50 million shares to someone as yet unnamed?
6. Whats more, the advisor is going to find smart investors to pay $1.255 million for an issue of 62.75 million shares at 2 cents each.
7. Any money left over will go to buying another business venture.
WOW
Since I already think I have nothing but worthless shares, maybe I should vote in favour of this just for the entertainment of seeing them try to pull this all off.