true value???, page-14

Yeah I saw the 10c shares also in leui of debt, that was when vwap was 2.1c, so probably not much can be read into whether it will help the sp. The 10c didn't boost the sp so in all likelyhood the 5c shares wont either.

But its certainly a positive to remove any debt on such favourable terms.

But I note the 10c was only a fraction of the total debt and this latest resolution that was approved states "upto" 100%. So again I would expect only a smaller amount.

But I'd rather have 30% of $1.2mil odd, circa $400k extinguished at a rate of 5c/share than paying full cash rate or in 1c shares. So its a good deal. And Promima haven't been sellers and paying 5c means they will continue to hold. So no loose shares from that.

Their will still be plenty of debt and it keeps racking up on a "defered" basis. Never ending. Then La Jolla adding dilution on top of the debt to equity swap.

Yet it still doesnt payout the debt or provide adequate funding to seriously advance things. But what do you expect for a $2mil company.

Im sure it will get pumped again. Its so easy with the buy sell depth and lack of shares. So its a stock worth looking at for that reason alone.