Ann: Completion of $7m Loan Facility and Appendix, page-4

re: Ann: Completion of $7m Loan Facility and ... Gits

obviously they reckon if they say it often enough it will make it true

"The terms of the facility, including fees and interest, are standard for a facility of this nature. The lenders will be issued 70 million options over Transerv shares, exercisable at 4 cents per option on or before 31 December 2014.The Facility matures in May 2012."

Debt is debt, equity is equity.

What is the interest rate 15-20% who would know what is standard with these clowns.

We know for sure their snouts are well and truly in the trough.

Matures in May 2012, not even a year, what sort of loan is that, bet we pay them off with more equity at 4c, while the stock is trading at 30c

This carnaby property better be a cracker cause weve paid through the nose for it.

So fed up with management and a few select investors treating this company as their own personal cash cow.