egm offer, page-6

With only 10%of the likely to be tradeable who in their right mind would be a buyer.This offer is worthless.The option offer is a joke;we buy equity @90 odd cents a share for shares they value @4 cents.
It will be a long wait until the company produces an income and I cant imagine anybody would want to get locked into a possible5% of tradeable shares situation.
The Pirates win unless we go into liquidation and they share our pain.Hope I am wrong;FOCR please explain