Ann: TOV: Tribune Resources Limited Orders, page-21

Let me add that if all the Billis related party shares end up being vested to ASIC (due to noncompliance with order 8) and handed on a platter to investment banks and brokers to do what they like with, this will be the most appalling and disgusting case of institutional theft that has ever happened in Australian corporate history.

The TO panel will have been used like performing monkeys to hand control over to the people lurking behind the scenes of this whole fiasco. Is this really what, we as people, expect the work of a government TO panel to achieve for us. Handing control over to whoever the investment banks dictate can have it? This whole affair needs to be directed to a government senate committee for proper scrutiny as to how this can come about, how ASIC sat on its hands for 8 years, who is behind it all and who will benefit from it all. Once it is done I will be bringing it to the attention of the Federal Minister. It is disgusting.

The irony though is that Mr Billis will have the last laugh, as long as the shares are sold at a fair market value (which I’m sure at minimum his lawyers will have something to say about that), as the proceeds of the share sales go to all the related parties in question. Esh