Ann: Appendix 3B - Part Conversion of Convertible Security, page-69

Excellent summary and what amounts to massive red flags. With the astronomical cash burn I doubt anyone would touch this cap raising. With amount of cash that is being burnt makes xpe as a so called business a very viable concern. I would not be surprised to see the word voluntary administration starting to be discussed very very soon. I am astonished that there has been no move to drastically cut the very high cashburn rate in light of Xpe's total failure to generate in real revenue. This will end very very badly