Ann: Shareholder Update, page-4

7 day extension only, so the lender has called in the loan. Where’s the normal crap from Frank along these lines ‘Magnis is in positive, well progressed negotiations with equity markets and term sheets with tier one lenders are imminent’ - why didn’t he explain/warn what happens on 8 July, is Magnis expecting funding to pay out the loan? Maybe the same SH who lent Magnis $338k last quarter, are lending another $7m interest/security free? Whatever, Magnis needs to give the SH more info over the current financial crisis