Ann: Director Resignations , page-33

Tim,

I don't think TPT would be able to purchase JKA at a cheaper price, however do think JKA will trade lower than the 7.2 cents it did before the deal was announced.

I don't know the finer details of the convertible note so stand to be corrected however would be very surprised if a company would loan at a conversion rate of 11.5 cents, unless of course the interest rate was well above desperation rates.

Don't forget the TPT loan has to be repaid, from memory it is 3 months if the deal is rejected and possibly 6 months for other circumstances (which this may well fall under if the new TPT Board rescind the offer).

I can only see JKA raising cash at 6 cents or less, and the SP will follow this.