"the issue of 8,400,000 ordinary shares and 25,200,000 milestone...

"the issue of 8,400,000 ordinary shares and 25,200,000 milestone shares to the Facilitators, all the subject of Resolution 2 outlined in this Notice of General Meeting is not fair but reasonable to Shareholders of the Company (not associated with the Vendors and Facilitators) as at the date of this report"

NOT fair but reasonable.......

I wonder at what price it would have been fair?. 4c, 4,5c?

To be fair, they probably couldn't have got it away at more than 3.5c. But if that is the case, then surely it was "fair".