Ann: Pilbara Iron Ore Project Update, page-85

Ssv your implying that your going to make money out of Todd’s option offer.
Please explain?.
I have read the option offer, I was at the Sydney meeting.
Todd is only dealing with the board and he doesn’t want to be involved with public Co. RTA T/O of retail shareholders was a surprise but the Co. will be wound up as soon as possible.
You mention royalties from Todd to FMS, but there is nothing to say Royalties are going to be distributed .
So, where are you getting your profits from. Your three pips from break even, based on your figures.