what a market, page-5

If you run the numbers and the 25% non-insto noteholders don't redeem in some proportion early the company will run out of cash on 30/6/10. Best way for noteholder to get a reasonable outcome would be to consider redeeming a % with this offer to elave enough cash in the bank to pay out the balance at 30 June '10, so company can remain as a going concern etc... If it's going to take a while to get finance and production moving I can't see a capital raising being succesful over the next 12 - 18 months.