Ann: CEO Letter to Shareholders, page-7

Reading ehat Hicks has said, I think we are going to see another year of rather large losses

The big question will be how will they be funded?

The share issue wasnt fully realised will they use those funds for cash flow and not what they advise the market they would use the capital for

Clearly the banks would be fully geared, not sure who will continue to fund the losses but the train is about to hit the end of the track you would think