equity & debt placement update, page-14

Gday Changle, like most of us here I am only guessing, because we haven't been told the whole truth, but I see it as one of two things.

1/ Whomever they are are just rattling the trre to get as many shares in the company that they can, if they do go ahead with the deal it is possible they will own a great deal more than 50%? are the delays arranged to give uncertainty to the market? don't know?

2/ It could possibly be that we are being taken for a ride up to the midnight hour and then they pull the plug and we go into babkruptcy, again I don't know?

One question that begs, is why didn't ST Kinetics make an offer, instead of someone from the Phillipines? Hmmmmmmm