ocean wide interests, page-23

Hooter

I don't think they will need too much of the $100M bank facility. It will be only used under unforseen circumstances, thus as a backup. With all the work done to secure such a facility, the Chinese Bank would be disappointed if it wasn't used for some means. With the $85M from new shares plus DSO sales in about 10 weeks, we shouldn't require too much extra finance.

The next 3 months should clear the clouds.Then use the buy back to limit the number of shares about. Could take it back to 230M share out.