Ann: Strategy Update Investor Presentation, page-27

I’m sorry Eqz but I have to strongly disagree with your statement “minimal risk of short term dilution”.

I think you must be overlooking the fact FGR still owes SMI $6m in either shares or pay back the outstanding plus 5% on top.

Correct me if I’m wrong but with the share price being below the floor price of 16c, if SMI decides to convert right now that would really sting resulting in more dilution than expected for shareholders.

Personally I think FGR should payback the outstanding, including the 5% commission and find a better deal as this deal reeks.

This is just my take on the funding deal and maybe I have it wrong.
If I do have it wrong please correct me.