Klaas ,sorry you really do not know where you talking about.
QVT is ,thanks to the old Board entitled to put the company in receivership , Mark and Kenneth have a good relationship with them ,and they are working out an overall deal whereby the missed interest payment and the 24 mil. loan will be renegotiated ,and yes that will mean substantial dillution .But you should as well realize that the suspension of the stock can not be lifted unless ,there is a deal with QVT .
If Gallagher and his cronies want to play a positive role
,concerning the QVT loan ,let them come forward with a a well worked out plan and I am sure the current board will listen ,but uptill know they have failed to do so.
I ,with the help of some frendly dutch investors and our well known Australian frends have done our utmost to raise the 1,5 mil in the resurgence notes ,I am not aware that you played a big role in that fund raising,I know too partly due to personal circumstances.But also your heroic
role in the upraising against the old board has been rather
overstated, as you well know.So a little more modesty would be better ,I think.
But you are right let Gallagher cs.,come forward with a good plan ,but they should do that right now ,and not ask for an EGM ,I for one lost the appetite for ferry tales ,which turned out to be horrer stories,where thanks to AS we were put up for years.
I think the plan of Gallagher cs. is to derail the negociatons with QVT ,i think the 20 % plus Dutch shareholders (maybe with the exception of your holding) support the current board for 100 %,and hopefully we can reduce the dillution by annuling a lot of the AS and JF shares.
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