Ann: Proposed Takeover Offer, page-33

Hello Rtswa, if you listen to Bruham and vote against the deal, you and Bruham and BUC can maybe buy BLR assets in Receivership, after Azarga gets paid. Because BLR has no money, no shirt term cash flow hopes, and debt on the balance sheet. Azarga wants to be repaid and maybe, just maybe Azarga offers ,01 to shareholders in a forced deal versus the ,61 Glasier has offered.

Vote against the deal and you guarantee all shareholders we do not make back our losses in BLR.

Cait