Ann: Verdant Scheme Implementation Agreement, page-20

there is a clause in the statement regarding material effect to the company, so if we get any positive approvals prior to this closing then it should be void and renegotiated. I doubt our directors will do that for shareholders and have possible been given a timeline for approvals, most likely after this has been settled. But it’s in writing, so let’s hope we see something approved and then this has to go back to CD Capital for re-evaluation and a new offer and scheme to be approved.

I thought directors would give mates a cheap cap raise prior to aprovals but this is much much worse for shareholders.