###Exactly as i said Brad........thank you for agreeing the deal is very dodgy and is at best highly unlikely appearing.###
I never said the deal was dodgy, I said SKG were being cautious. Do you honestly think Mr Soon would release news of the deal if he didn't think it would come to fruition ?
Does Mr Soon have a history of doing this ? Has he ever stated a deal that hasn't been executed ? The answer to all 3 questions is NO.
##Is that why the Director quit?##
Bregenho is a director of "network limited" (listed in the AIM and in Australia under the code NWK) he was employed back in January for his experience in listing on the UK stock exchange. Now that task has been completed, there is no need to keep paying him.
###Is that why SKG sought a loan at 18%...because they have no money coming?###
I have already answered the question, so let me put it to you this way......when Genner raises $1 million through issuing shares "is that a loan" ? The answer is NO. SKG are doing the same thing they issue shares to Cornell in exchange for cash.........the only thing they owe Cornell is shares, 12% is payable on the oustanding funds until the shares are issued.....this is minor and is also paid with shares.
##If the money was coming why borrow 850k at 18%?##
At the time of the Cornell agreement 3-3-05 the Russian deal had not been done.
SKG took a capital injection from Cornell to top after the expense of the AIM listing which was booked at a cost of $1.4 million. this is a one off expense that will not be repeated, and again it is not a loan at 18%.
##You finally agreed i was right.....late but you did it.##
So far you haven't said one thing that is right, first you said that SKG would not book the Russian deal until they delivered the product...wrong.
Then you said that SKG only had $200k in the bank...wrong. etc etc.
##Thats why SKG will close the doors before June 30.##
This is one of the stupidest comments you have ever made, even without the Russian deal SKG will survive.
The Cornell agreement is not conditional on the Russian deal, which means SKG still have approx $18 million at their disposal ofer the next 3 years.
Tex.
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