Ann: Revised Kopex Repayment Terms, page-8

ADMINISTRATION is a word that sends a chill down my backbone especially when I see in all the annual reports who we pay our ADMIN fees to and the amounts. A great little earner for the recipients every year. Every shareholder should look at who the recipients are. This loan repayment is disastrous. Where will this money come from and look at the interest. More dilution inevitable and the upcoming CR means more invoices from the ADMIN team. Who are they again? What a great little earner. Imagine if you did this with a few companies other than PZC
Tombo