Ann: Investor Webinar Presentation, page-33

I’m concerned about the dilution freight train before we can become profitable

i’m estimating we will be diluted at least 100% if not 150% before we become profitable and self-sustaining

then you have to ask yourself what is the company worth at that moment once it is profitable because then we might be bought out

let’s look at a low buy out price of 200 million; if we are diluted another one and a half times until then that would make it about 20 bn shares

that would give you 1c for one share

then I am still considerably in the minus

so there you go