Ann: Extension to Junior Debt, page-26

DD. I still firmly believe that why "the market" hasn't taken anything positive out of the Track deal is that it has turned out to be more of a merger than a takeover and with the original vendors having obtained a very favourable financial and equity deal from day one, the market is seeing that actually being exacerbated with payments of interest being made with a hugely depressed SP actually making the vendor's position even more attractive and having an even more dilution impact on other shareholders. The Track vendors retain the debt PLUS are gaining more equity at the "expense" of shareholders.
So far it's actually been a win/win for Track vendors and a not too flash one for CM8 shareholders.

"Independent" people in a very cynical and sceptical market would not be having the same "loyal" attitude to what is going on as shareholders with "faith" in Domenic, have.

The next QR is really quite vital for restoring some confidence to the market. It's ALL about performance!!!!