ris the next whiz , page-4

I think Goblin is talking about the new buyer http://www.sinotransone.com/Sinotransgroup.html getting 17% of the company for a song.

And a 15 million rights issue that could see them take a controlling 30% interest.

With shareholder approval of course. (by 22 May 2014)

This ship looks like it is being steered towards China. Soon everything will be shipped out of China, even Holdens.
Currently only 12% of Rev comes from China (50% Singapore, 40% rest of asia)

I think you may be onto something gob, but no point backing the truck up. You may only need a wheelbarrow.....

Change of Director's Interest Notice for Mr Phillips (PDF)
Direct
Fully paid Ordinary Shares;
Number acquired
16,300; and
5,000
estimated valuation
• 13,000 Shares at 6 cents per Share for a total consideration of $780.00;
• 8,300 Shares at 5 cents per Share for a total consideration of $415.00
No. of securities held after change
21,300 fully paid Ordinary Shares

What???... that's less than I hold!

Think this one may be better off in your portfolio, that just your watch list, pec.