Ann: Alchemia Assignment of VAST Technology, page-8

I'm not sure VAST had any value attributed to it yesterday. 10% of anything they can make out of it is probably worth more than the FONDA stream if it comes off. What were they going to do, hold on to the staff and hope for the best? I don't think that is what everybody has been calling for. What the cries were for is sack everyone and become a Fonda gathering shell. Retaining some rights to the possible VAST income stream seems sage enough to me given the circumstances we are in. Panther I'm not so sure about. Sorting out Reddys is where the time needs to go.

The company is valued at $11m, we need to forget what it was valued at.

I'll put my tin hat on now.