Ann: Appendix 4C - quarterly , page-3

lol Pumper why so surprised

I maybe wrong and damn right could be but I thought I sighted an unsecured loan amt of $1m to Polarity B in the balance sheet.

How else were they going to get their money back. And who the hell is Polarity B?

I also find it intriging that when you read up on how they came to value Biograde for the deal and the history of the companies capital raisings etc the $1m dollar loans amt didn't get a mention.

I maybe wrong as I said but I have been waiting for this loan to be repaid as I anticipated it would be immediate, and as I said to Olympian the only way you will learn what they are doing is in the reports.

Please stand to correct me but you may have to do a bit of reading to confirm or deny what I am saying or simply ring Cardia and ask who the loan or loans were from.

Pretty damn scary at the momement I believe because there is a possibility they will have to raise cash again at a basement price unless they can get some legs out of Rio Minerals first.

Cross your fingers and toes mate for that big sale.

My view only.

Cheers