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Gidday Nowhere Man,

Yes, a recon will be done probably on a 1:3 basis but not for many months.

Anticpating that this would be considered by the board, I an others jumped up and expressed our deep dislike for such events. We hate recons in other words.

The borad was apparantly in 2 minds on the issue but due to sensitivies to existing shareholders loyalty and concern have, I believe decided not to do one until the share price is safely around 15 cents.

Given their creative efforts at raising cash (early conversion of options), the share price has not posed a hindrence to raising cash.

The big Kahoona I have made reference to will be coming in also under the current structure so there will be plenty of cash and thus no reason to do a normal raising and which might cause one to worry about the current structure.

Unless they subsequently change their minds, I think I have got it right here.

Agree about reconstructions, they tend to butcher options. At 1 cent ex price, you would expect a plethora of conversions to occur which is good for the company.