Ann: Notice of Shortfall, page-71

Hi Bailey, you make one big assumption, I often find it is good to look at the assumptions people make to justify their arguement. If the assumption is incorrect or flawed this often results in an incorrect conclusion. So your assumption is that we have to aquire the remaining 10%, but in fact there is no such requirement. So can you see why your conclusion is therefor incorrect, as you concluded the additional $4m USD still need to be sourced from somewhere. Quite simply, it doesn't need to be sourced from anywhere if the company so chooses.

Hope that helps.

Thanks