From reading this announcement it appears that the company had...

From reading this announcement it appears that the company had circulated an Information Memorandum to selected individuals and someone has then forwarded onto ASX. (Good on them is all I can say). So much for the disclosure practices of the company.

Upon reading the ASX queries this is sounding much like a repeat of the Shaun Morgan/ICBC Capital debacle all over again and shareholders being treated like mushrooms.