top 20 update, page-19

Yes guys,

It was to Global - or at least their clients.

See the email from MS below to clear up where they went...


The placements were all made under the facility we have with Global .

This facility has been a lifeline for CityView as it enables us to access
cash instantly over the telephone at a time when the world is suffering a banking crisis .

I cannot think of anyone else who could have given us money on 24 hours notice with no questions asked . Why did they do it ?
They really believe that CityView has struck a winner and their
clients are going to make a fortune

Whilst we are building our asset base in Angola we are constantly
having to meet unexpected commitments at short notice . The key is speed . Because we have been so quick in our response , we have been able to get what we want .

Global have been very good for CityView . They got the $ 100 million
facilty for the oil permits over Xmas . They got the $ 200 million
backing for the refinery . They gave us cash over the telephone
and have distributed the shares over hundreds of individual clients .

You will be pleased to know that we are coming to the end of our cash facility . I am only permitted to draw down a further 7.5 million shares
and that is it . They want all future funding after this remnant to be
institutional funding at 30 cents per share , otherwise none of their
clients will be making the returns they are demanding .

We have now got enough assets in CityView to attract the institutions
so we no longer have to live from hand to mouth

Am in New York all this week telling the CityView saga to the US institutions