one on one, page-5

Decan,

Whilst this time you at least prefixed it with an 'IMO', you nonetheless put forward your usual line as if it is fact.

You said that "PLT is pretty much out and needs a capital raise desperately if this deal doesn't go through...the $500k in merger costs will have done PLT no favours either".

You don't have access to PLT's financials for this quarter, and therefore have no idea what has gone on with revenue, and likewise have no idea what the expected revenue is in the following months. No one does except PLT. If PLT are nearing break-even then your argument goes completely out the window.

Yes, access to additional funds would be handy for accelerating growth, but you (and nobody) can know what their current and expected near-future cash position is (other than PLT and the FER directors + possibly the independent expert).

They are NOT almost out of cash (as far as any of us would know). They received both SPP funds and placement funds just a short while ago, and they don't burn cash that quickly.

Speculate as you will, but don't state it as if it is fact.

Cheers.

p.s. obviously PLT would only foot half of the merger bill. Yes, they are the bidder, but that is as arranged with FER; they were originally going to be the target