Pilbara Conglomerate Gold, page-534

Only holding oppies as well. I assume if I want an unlisted share I can exercise it. Would only do so if unlisted value was measurable - Like a take over offer etc .

Hang in there Darren.

In hindsight if I can simplify-as I see it

management says it didn’t matter who the vendors distributed their script to it was the same consideration.

ASX says you have breached 20% thresholds .

IMO if I were management- and are going to vend our 60% of the company etc , surely I would want to know who every other party is and the spread of pro forma distribution. Yes . Combined from two transactions.

Because it is a change of significance structure and ownership- with right to appoint directors etc .

Potentially a reverse take over , and I could get my own job given the boot by the incoming new directors and control.

A major holders the vendor collective could vote to spill the board and do whatever they liked .

Surely they have not acted in a protective manner to maintain control of the company without the encombent shareholders given a full voting and awareness of the changes potential.

In that light - pretty easy to see why ASX are so pissed off, rightly so .

As I said - they should have done a rights issue , paid assets in cash , and maintaining existing shareholders ownership structures.

Why didn’t they ? Good work asx for digging into this . Hope the whole situation can be reversed , and put in the right path that protects the hard earned mums and dads who invested with trust .

If the company has breached that trust . Shame.
Man up. And fix it.