Thank you Bridges for such a meaning-making post, in particular...

Thank you Bridges for such a meaning-making post, in particular its incisive focus on the operation of human agency in the construction of the OIP/GGX merger deal and those whose interests it serves. This foundation shareholder in OIP who holds no shares in GGX, wholeheartedly endorses all in your post.

The overly generous allotment of "Incentive Shares" to Mr Russell Langusch needs critical examination.

This gentleman was GGX's Non-Executive Director up until two weeks before the announcement of the merger in October 2009, when he miraculously became OIP's MD and the future beneficiary of a very generous payment.

In Resolution 2, OIP shareholders are being asked to approve not only the allotment of 5 million shares in the merged OIP to Mr Langusch, but also an interest-free loan of $650,000 for three years so that he can purchase them at 13 cps.

Rather than being an incentive to "further align Mr Langusch's interests with those of Orion's shareholders and further incentivise him" this generous payment seems more like a reward for Mr Langusch's compliance with the scurrilous merger proposal constructed by the Board members of OIP and GGX each with their huge loads of overlapping interests in GGX, OIP (and ESG).

Mr Langusch was a Non-Executive Director of GGX at the time when three of his fellow Directors in GGX had all resigned in protest following a "fundamental disagreement with OIP's major shareholders" presumably on the merger deal. The three included two heavyweights, Chairman Mr Bun Hung and Managing Director, Mr Barry Smith as well as Non-Executive Director, Mr Guy Allinson - all highly credentialled professionals. That alone should have set the alarm bells ringing at the Regulator's place.

Now OIP shareholders are being asked to reward Mr Langusch seemingly because he did not resign and because he remained complicit with those who had hatched the merger deal.

As Newjo and others on this forum have already opined, it is long overdue for all those involved in the OIP/GGX merger to be scruitinised by ASIC.