Ann: Trading Halt, page-31

Guys & Gals.

I am a bit confused here. Maybe today's down market has hurt a lot of ppl & perhaps this raising is actually a positive..

The info on Track falling aRevenue is not new news & explanation was given in Nov 16 ASX presentation on page 18.
http://www.asx.com.au/asxpdf/20161123/pdf/43d3qs3lfwtgkc.pdf
This is old news. Good news is whilst not a favourable acquisition, it has stabilised as per CM8's commentray.

So knowing what we do know according to the Bells sheet posted here & CM8 market updates.

1.) 13c raising - at a small premium. How many companies have raised at a premium? Whomever buys in this raising would not sell at 12.5c or even 13c for that matter, as then the whole excercise is futile.

2.) Says to reduce leverage. So looking at the 2 outstanding notes, the JGB one can be paid back in Aug 17. This will save over $1m per annum in interest as paying 15% currently.

3.) Not mentioned but if JGB note is paid back, the company will then surely be in a position to perhaps get cheap bank debt funding & pay back vendor loan later in 2017. More interest savings again.

4.) The company said record Q&A & Track has stabilised so I expect strong Quartely.

I say give Dom a chance to put an update before shooting him down