A lot of what everyone is missing is that this was a "Voluntary...

A lot of what everyone is missing is that this was a "Voluntary Administration".

There are many reasons why a company would enter voluntary administration - possibly the winding down of a company for taxation purposes or a restructure. From what I have read, this is not an administration which suggests that 3D Group was insolvent and liquidated by creditors or the ATO.

IMO - a frustrating delay in the reverse takeover process. Nonetheless, the assets from the old entity (3D Group) will be acquired by the new entity (333D) and any other liabilities assumed (which includes the $430k loaned by OZB) which were not discharged by the administrator. Unless someone has access the balance sheet of 3D Group, I and I'm sure everyone else, is unable to determine what benefits or circumstances resulted from the voluntary administration.

Let's hope that the voluntary administration of 3D Group and the subsequent transaction fast tracks the DD process and the timelines set in the January 2015 Ann are met ahead of the proposed schedule.

Market Depth - the last few weeks has seen the 0.004 sellers cleared on several occasions. Obviously someone is buying up. Today was unfortunate that a very impatient seller needed the $700 MV he held in OZB shares and sold or they saw it best to partake in the capital structures.

Capital Structure - would anyone know of the conditions in order to partake in the capital structure? The 66m ordinary "facilitation" shares are going to be an interesting one, once we learn of these rights. And obviously a bundle of options are going to be issued with the relevant exercise prices.

Dilution - clearly there will be a share dilution once the reverse takeover process runs its course. I haven't yet calculated what this will look like and welcome anyone to do so. I will do so once this reverse takeover begins to grow some arms and legs and as the SP changes as OZB issue announcements following the recompliance.

And now we wait ... 16 March 2015 is the first proposed timeline date for the execution of the share sale agreement. Until then - whoever is undertaking the DD - let's hope they don't delay the process.

A long wait. But it will be a rewarding one.

GLTA. DYOR. ALL IMO.