Ann: Appendix 3B, page-7

It is good to see them converting so many and holding 9% when the cant sell yet. Most note holders wouldnt take that risk, and would hold the note until they want to sell. This could be interpreted as adding weight to the argument they are not going to be your typical convert and dump note holder.

Also good to note the conversion price has gone up since Friday to 4.96c. The 4.88c VWAP day is now more than 20 trading days behind us. Every conversion going forward should be above this price now.