upcoming quarterly, page-9

Addy,

You clearly have absolutely no idea how things work.

I'll give a simple example. If you lent me money for a hydroponic dope farm and I went broke, before it went broke, as a Director I would have to cease operations because I can not trade if insolvent.

As a lender you could call in Administrators before that because of failure to pay loans.

OK, so now you have a dope farm...which is entirely appropriate.

Could you run it. Would you want to? Do you have the skill and experise. Its all a big risk...could you sell it for enough to cover your loans.

You see, as attractive as a dope farm might be to you to lend to, the last thing you really want is for it to go broke, out of business because suddenly, instead of just banking loan payments every month, you are stressing out running around trying to deal with the situation.

If you are MB, the Sons of the Blood Sucking Vampire Squid, you have plenty of other money making opportunities to give money to to keep ther cash coming in, rather than dicking around with some outfit in a foreign country trying to find buyrs and get your money back.

Bottom line, MB will go as far as they think they can get all their money back without any hassle, and not loan another $ an inch/millimeter further.

Whatever MB motives were forthe last loan and rolling over, regardless of the money outstanding, insulation, tanks future upgrades etc...they were comfortable that they would get their momney back as the plant stood at the time the plant existed. They are not in the business of gambling about upgrades or blue sky. Equity dreams about blue sky, not banbks.

Therefore, whatever is owed by PGI and the payment schedules MB would be 98% sure they would be paid.

For owners, for us to get anything, the insulation and extra tank needs to work.

I trust that helps, or are you still thinking about the dope farm?