Ann: Annual General Meeting Presentation, page-212

For those who don't know already, I suggest you go talk to your bank manager.

The banks (local and international) are expecting a lot of defaults once the stimulus package wears off in September. In Australia alone, they are expecting at least 10% unemployment.

Banks at the moment are preparing for write offs.

In the new lending environment, banks will be risk averse: they won't be lending to a debt to equity ratio of 70:30 or lower. They will stick to the traditional 60:40 ratio.

That means FAR is about USD $150M (about AUD $215M) short in equity

If they raised at 1.5 cents; that's an additional 14 billion new shares.

I am sure you can work out the worth of your shares when there are 24 billion shares on issue. Check out 88E as an example of when you have over 10B shares on issue.