placement $30mil at $1.65, page-12

Let's not forget they have just raised about 4 times more than they did in December last year and at a higher share price. 30 million dollars is nothing to be sneezed at. This is fantastic for the development of Romang Island and for the company in general. I don't know why there is so much pessimism. Any time an investment is made there will almost always be a dilution of share value but no company ever gets anywhere without generating funds from loans or attracting investors. You need to attract big investors and if that requires giving them a discount at this stage then so be it. Just look at it as short term loss for long term gain. When the big wheels start rolling for the development of Romang island then these investors will make things happen. In fact it's probably already started.