dear directors please clarify, page-7

Hi Tiger22, it does seem a very favourable deal for Cygnet, however, the way I read it is they receive 6% of the total amount raised being 6% of the $1 mil underwritten plus 6% of any other monies raised which given the current sp maybe only another mil max. So $120k in underwriting fees.

Also, Cygnet are the underwriter. They would then be placing the stock with their clients (sub underwriters)at the 20 cent level. So, therefore Cygnet would receive, if $2 mil raised, $120k fee plus 150,000 fpo's.