traydor, the advantage would be that if they would raise a large...

traydor, the advantage would be that if they would raise a large chunk of
money on back of proven phase 1 production that the larger amount of
shares you (in this case they) hold, the larger bang you get in the conversion of same shares as its could attract a premium in a new
listing with proven production. Ofcourse they would need to change
their reporting and accounting practises, there is no reason to
believe that cant be done with so little care shown on the ASX.

It would look pretty attractive if a new listing suddenly appeared
with a new name tag, all up and running with proven production,
off-take agreements and a fully lincensed expansion program.

money close to home mkt has shown those premiums being paid
here on last raisings is available, its just that aussie investors
would it as throwing good money after bad as we stand today.

ofcourse it could all be a scam but I doubt it is.