Ann: Appendix 3B, page-9

  1. 9,032 Posts.
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    As usual they are trying to make it some sort of guessing game. "suitable additional funding arrangements" . I mean , who words this crap?
    Does that mean,
    A), the convertible notes will be continued to be issued
    B), they will be obtaining some form of bank funding , in addition to!
    C), another cap raising?
    What is this , family feud?
    If we take it that the notes will be fully converted, which after today there will remain $321,700 worth and let's say that is converted at 0.006, which it won't as the sp will be 0.006 within a couple of days and they will apply the discount then we may well be looking at further dilution at 0.004, but, for arguments sake lets say 0.006 then we still have another 54,000,000 shares to be issued! taking us to 600,000,000. Are this lot capable of handling costs effectively or is it just bull at a gate? So what's happened tot he $5,000,000 folks? As I have said before , that facility is only available on certain conditions and one is the state of the sp. Which is , as we know rubbish! DYOR, IMO of course.
 
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