$1 Club, page-26573

I am saying the CASH is gone. Do you agree?

$50mil Cold hard cash asset is gone from the balance sheet either physically and also as a committed CAPEX due in afew months time - that CASH is the most important point and it UNDERPINNED our valuation by 10c per share.

There is NO valuation given to IOU with a $40mil goodwill intangible asset sitting on our balance sheet.

NOW - you say we get $4mil per year. Well ok , that gets added to our valuation when we ACTUALLY receipt the $4mil return in CASH in Y1, Y2, Y3, Y4, Y5, Y6, Y7, Y8, Y9 and Y10 - in other words it will take the next decade to return our initial $41mil investment in IDSB.