Ann: Investor Road-Show Presentation November 2014, page-3

TFC is doing whatever it can to hold the shareprice up. WHY? Anyone got any ideas. They may have been relying on the 70 million for the options at 1.28...Which are no longer in the money...well barely. Long term I like them but short term they are not making much money (cash), they have big debt with terrible interest rate, and they need more land. The monthly spin to support the shareprice cannot stop the fact that there are some short term headwinds. Those who think they will be able to refinance debt from 11% down to 6-7% which I have read in one of these threads are kidding themselves. Until TFC start making cash and have a history of making cash and making legitimate cash for growers they are in the same basket as timbercorp and great southern..which aren't doing so well. I still like TFC but there is too much risk at these prices.