shareholder vote - new facility

Well a first pass read leads me to the following

1) If shareholders vote this down then they are voting to bankrupt the coy

2) beggars can't be choosers - in the circumstances these deals are not too bad

3) Lee has put some money where his job is - 447000 shares as well as unquoted options.

4) All things being equal the top twenty will pass all resolutions.

The clear intent is to commercialise over the next two years - once this occurs the gravy will start to roll.....IMO

I have I hold I wait - for the voting forms through the mail - the format they are being emailed in cannot be read by my current model Mac with current OSX Snow Leopard!!!! Whoever did this aspect of shareholder communications has done a LOUSY job.