Ann: Gulf Company Update, page-28

I have spoken to ppl I know who confirmed that the deal is locked upon the first tranche payment and suspension will cease after that. I have been told it will be half of the total investment which makes sense.

I know there is a second cornerstone investor involved because it is stipulated in the announcement, just not specified as a cornerstone investor. I believe it is close to the value of Pak's as it was sought as a backup in case Pak failed so it is of similar value.

Your thought process on his deal going south and his investment is in the air is completely wrong. The announcement today clears the air of funding and at one stage during the process a backup cornerstone investor was sourced, although Pak is in now and funds will arrive imminently. The backup cornerstone is now a lock as he wants in too, the project is to quality to pass up! GMC hold the cards and both investors want in. Pak's investment was more complex then majority here realise. A lot of the issues were actually out of his hands.