Quote Originally Posted by Lizard View Post
You'd better start ramping that price, Mini. If you can keep that VWAP at .004m they should be able to get away with just handing half the company to the noteholders...
Ok I'll try.

Brilliant news. ALF has now increased in size approx 50%. Its gone from approx 2,000m shares to over 3,000m shares. So you are getting many more shares for your money and that's good value.

ALF is also $2m better off - thats $2,000,000. The unaudited loss of $43m is now only $41m.

And a pat on the back to those decent Hotchin and Watson chaps. They have willingly forgone $5m to the benifit of ALF. Lets not hear any more about them being rogues! Just goes to show those original Hanover Investors were backed by men of integrity. As for ALF - they have learnt the error of their ways (by saying nasty things about Hanover) and that can only show ALF is a much stronger company because of it.

And take some assurance from the covenant breaches, While they continue, its only an extra 2% that is being paid to holders. But the Capital Notes are going to be converted to shares which measn the company is only going to get bigger.

Buying today at $0.005 will see like a bargain in time to come!