Ann: Renounceable Issue , page-5

With current management and the stupid wages being paid, you would have to be derranged to consider participating in this raising. They pissed up $10m in 2 years, this wont last 18 months when you consider that cash burn without exploration is well in excess of $1m. The least that should of been done was to reduce board fees to $5k each and the so called GM to $125k and move into a share/office situation. Once again this is to maintain certain lifestyles not the company. Norm