Is there anyone out there who has started to read the recent...

Is there anyone out there who has started to read the recent explanatory memorandum and the financial services guide that was written by RSM?

I am concerned about how the directors plan to selectively reduce the value of your shares depending on who you are.

If you own more than 13,500 shares (in resolution 1) you lose 99.5% of the value of your shares, BUT if you are one of the "special people" who received a 10,000 share "special conditional" issue, your shares are not reduced in value. The value of the "special" shares will relatively increase in value compared to those mug investor's value by 200 times.

If you own more than 31,250 shares (in resolution 2) you lose 99.7% of the value of your shares, BUT again if you are one of the "special people" who were handed a 25,000 "special conditional" issue, your shares are not reduced in value. (see page 9 in the RSM document). The value of the "special" shares will relatively increase in value compared to those mug investor's value by 300 times

Now let us guess - who owns those special shares?

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Let us look at paragraph 8.13 on page 19 of the RSM brochure:
"8.13 The Purchasers are currently directors of Australian Zircon."
mmmm!

So here is your choice:
a) vote for the resolutions and get screwed by the directors
b) vote against the resolutions and get screwed by the directors.

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See page 25 of the explanatory memorandum:
Mr J Shervington - cash salary and fees = $157,991
Almost $3,000 per week!
For what?
To screw us?

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I need to read these turgid documents in more detail over the weekend.