Well that is the most positive announcement we have had in a while - a further $200,000 which will be converted into the rights issue along with the existing Note holders if they get the minimum subscription. That is a very positive endorsement of the Companies future from those who would have the best access to information.
I think those on HC are understandably sour and very unhappy with the chain of events to date. BUT those looking to invest and make a 100% profit - this looks like a very, very compelling story and it is my personal view that the CR will be very successful.
Time will give us the answer to that.
Again this endorsement in csah is very encouraging and if the post about Mike and family taking up all their rights is true (and that is what I have been told also) then there could be life in Suda yet.
Clyde
Ann: ASX Waiver To Grant Secured Convertible Notes, page-3
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