Ann: Resignation of Director, page-30

wow you’re going quite a few years back bringing up BHP. 
Maybe a moment in time they thought it may be worth a look but quickly ceased participating in any further placement. I’m sure once they had a good look under the bonnet or a new technology came into the scene they simply let it go.

I would be absolutely shocked if anyone participated in the SPP. There are offers on the screen at $0.001. Can’t get any lower than that. If you wanted to the company some hope you would be buying up the $0.001 on offer and adding something on the bid.

They shouldn’t be trading in the ASX right now. Should be in a trading halt until they re-structure and find some money somewhere. Could take months but so be it. Once they announce (if in fact possible), someone who who is willing to put a few $$$ in it, they should then open up the SPP.

Im still flabbergasted they are doing a SPP at $0.001 when there in no-one on the bid. Those of you who throw $$ at it in the SPP will likely see your funds eaten up in admin costs because they will only raise enough to cover a quarter of costs. 

Totally unfair as the very few breathe a little life into it for other existing shareholders who don’t participate and have nothing more to lose. Hopefully, if APG don’t raise anything reasonable they at least give those who participated their money back.