Ann: CJ Patel $11m Distribution Partnership for Taki Mai, page-33

Nothing you have said is correct. The announcement was very clear ‘we have worked closely with Leilo management to find a structure that will enable the transaction to proceed as an all stock and debt free merger.’

All stock and debt free merger was the key point. Leilo, like all companies has both debt and equity. The recent collapse of the FIJ share price to 1c meant there was insufficient equity in the 160m shares.

The US market has huge untapped potential - it is big enough for more than one player. Leilo and FIJ success will be mutually beneficial to both companies - increasing consumer awareness can only be a good thing.

You are wrong on Noble as well, IMO. He has relevant quals a mile long, is personable with a genuine belief in the Kava product, brands and business. He is paid a very modest salary, 16% of which is now taken in shares. AN has some smart and innovative ideas to take FIJ forward and make it a big success. I’m backing him.