Ann: Trading Halt, page-44

This CR was always on the cards and has been talked about on here since the 4C came out on 11July and has been one of the concerns, in my opinion,, that has stifled the price and caused these fluctuations - that is people trading it on fear of whether/when this CR would come. The USD$600k SAT payment was never gonna cut it cash wise, nor is the USD$400k for completion of the demo program which is still a while away... and then there is up to another 45days for exercise of the JV before the USD$40m loan kicks in... which kinda leaves us in no mans land for a period of time waiting for these events to happen.

I guess the uncertainty was whether the funds could be raised through debt rather than equity, or whether one of our potential partners could be tapped. It looks like they have gone the CR option. Not sure whether any of our affiliates will contribute or are even allowed to. It would be nice to see maybe an SPP or rights offer for existing holders but this normally takes time and cost and the share price normally languishes throughout the process - so I doubt that will happen. I'm guessing they will want to rip the bandaid off and put this behind us with no concerns about $$$ holding the SP back.