Baillieu Valuation of VEC, page-453

Hi Me Too.
There was a small thread of a couple of posts with interaction between Matty and myself. Just for clarification :

Matty said :
More like funding at any costs so bonuses get paid.....

Debono said :
What I don't follow with you thinking Matty is that if we follow that through you are suggesting the directors etc used Magna to get their bonus shares in a company that was destined to go broke because they used Magna which would make their bonus shares and current share holdings worth what exactly? Did anyone receive cash bonuses for the deal being signed? (serious question). If that was the case then your scenario stands up imo. If not though then it falls over?

Matty said :
We will see who has their shares after a few pump and dumps that will surely come soon

Debono said :
so your true sentiment is buy now and sell into the pumps?

Matty said :
My true sentiment is if you have helped push a deal through on a lot of crap fed to sh's and the finance gained was all part of getting that deal over the line at any expense to those sh's then the freebie shares given doesn't depend on any price....
Yes I'm sure there will be a trade to be opportuned as in any stock but we are talking on FT still being the main money lender and I call that out as bull..

Debono said :
so directors will pump and dump their shares Matty? That's what you have said. Not only that, you have said that they have orchestrated it.

So Me Too, the communication is all there and in order. No words were put in anyone's mouth as you have alluded to. The simple facts are that Matty was suggesting that the directors got the deal funded at any cost in order to get bonuses paid. The crap deal in turn drove the share price down but they didn't care because they got their bonuses. My questions was about how that can benefit them. The response was that they will pump and dump. I have challenged this as I can't see how this benefits the companies agenda and it certainly is on the risky side of assumptions and making such statements also carries considerable risk. I provided an opportunity for Matty to clarify his comments and certainly did not put comments in his or anyone else's mouth.
The one thing with positive 'ramping' is that no one will sue you for defamation

Now as for FT still being in the finance considerations the company have said as much which has been posted many times. Whether they do in fact still have a hat in the ring or whether even if they do the board would go with them is simply a mute point as no one knows either way and why so much poster attention is on that is beyond me.
We will all know soon enough. A good finance deal and positive sentiment re ignite. A bad finance deal and share price will where we are or lower for some time.
Most agree the asset and further potential resource up grades etc are attractive. Most agree that the Magna deal is terrible. One of these things will remain and one has the possibility of changing.
Worse case is they both remain and what the future then brings is unknown but short term won't be good. Would the directors be aware of this and working towards a good finance outcome? We as shareholders would hope so. Those that are not shareholders probably hope they fail so the 'told you so' posts can be music to their ears. So some are here for potential financial returns and some are here just for argument sake...oh no sorry, that can't be right...they are here for altruistic purposes and to warn others of the impending disaster
Most of it though is pretty good banter