I'm interstate again and back to back all day, but I do plan to...

I'm interstate again and back to back all day, but I do plan to follow up ASX and ASIC to see if they've gotten anywhere.

Something I do plan to raise this time is the use of funds. I want to compare the cash flow, income statement and balance sheet to see just how much has been spent on nothing / given away by performance / share placements.

In addition I want to raise the issue of these delays. How is GMC constantly informing the market about another week delay when the the half yearly statement clearly shows an expected timeframe of 3 months post the half yearly - which is it?

My guess is the SI has fallen through (much like Pak) and GMC have moved onto plan B - raise money from existing shareholders.

The fact that they would even need to consider raising money from shareholders is a joke given that they rejected a counter offer from Pak, but then so is everything else about this dilemma we are in.