One of the problems is that when they announced that a number of...

One of the problems is that when they announced that a number of bond holders were potentially agreeable to rolling the bonds but amending the conversion price to 10c from 20c the stock was 13c and lots of solid volumes. Since then it has traded as low as 8c and volumes have dropped off a cliff. The bondholders may not share the same view now. If PHG has to find $2 mill to repay bondholders it will be disastrous. Having said that if they can sell and leaseback Gympie hospital asap that would surely free up some borrowing capacity if it were needed to borrow to repay bondholderas, or even some of the bondholders as I'm sure they will not get all bondholders to agree to roll the bonds over. Hopefully we will get a Co announcement re progress on these matters shortly.