Ann: Ceasing to be a substantial holder, page-8

I would not over read our substantial holder’s exit. Everyone has his own timeframe.

What I really am disappointed is that when the guidance the management provided to the market is no longer guidance, to what extent we can afford to trust them longer?

The management did keep saying they need capital and I personally also concur with the capital raise for the sake of balance sheet.

But for me if in this quarter ( Sep quarter ) they miss delivering their promised cashflow breakeven or profitability, that will ring the loud alarm as we were all told material cash flow from last quarter slipped into Sep quarter, and they also had some cash reserve and remaining facility at that time. If they don’t have persuasive explanations, I will re-adjust my position too.

I wound’t take this round SPP. It is not the capital raise but the softened cash flow wording in presentation that worry me.