Ann: Funding Update - Convertible Loan Facility, page-6

You could put money into the convertible note with a 10% yield and conversion floor price of 2cps, as they have left room to accept more money as I read the announcement. I may do so, but I would like to see the quarterly first.

I assume the Middy agreement means they will need to fund a large increase in inventory to have in Middy stores, unless Middy is doing the funding.

BWinter I read the last sentence of the announcement as saying they were looking for a new injection of funds from Asian investors, rather than an outright sale.

I find this encouraging as there is now funding in place and a large number of new ways to market for a wider range of VIV products. Of course we have yet to see what works in generating sales so the risks are high, even though the product seems to me to have huge potential if marketed right.