Ann: Results of Reconvened Meeting, page-10

Their average with none of the resolutions proceeding is ~$0.084 from my calculations. Post consolidation and rights ~$0.81.

I suppose that if it's all about control and they want it what are their prospects from here? They need a ~$41m market cap to see their outlay from here assuming no further dilution. Chinese companies are getting an increasingly bad reputation on the ASX with the latest to destroy confidence being XPD. So they can control an illiquid stock that moves at the pace of a glacier like some others that are about. The type that end up on the gainers & losers list on a $1k trade.

For me the deal just about guaranteed them 15% - 20% of their original capital with the possibility of more if the vend was a really good one (think EUC or QNL). They obviously have their reasons for voting in this way but from the outside looking in it kind of defies logic. It would appear though that they're after a better deal.

@webral Do you have any thoughts on the poor turnout today?