Ann: Chairman's Letter to Noteholders, page-83

Liquidity

On 25 January 2016, Mr Cruickshank proactively repaid his Housing Assistance Loan of US$600,000 in full so as to provide liquidity for Antares to meet the January quarterly interest payment for the Convertible Notes. The Housing Assistance Loan was not due, nor was it called by Antares. The payment allowed Antares to retain its Breitburn Energy Partner Units ("BBEP") which have since appreciated in value by over 50% with the rising oil price resulting in a benefit to all Noteholders, shareholders and stakeholders. Antares currently holds 3,000,000 BBEP having divested 1,300,000 BBEP. BBEP are consistently trading around US$0.80 up from trading around US$0.50 in early 2016 and have on occasions traded up over US$1.00 in March 2016 in keeping with the higher commodity price.

"In keeping with the most recent Quarterly Report Antares has just over $1,000,000 cash at bank."

No, this was deliberately vague.......to confuse readers (note the rest of the press release had dates attached, except this part).

Basically repeating and restating the quarterly balance at bank, had nothing to do with the March balance.


Don't tell me you are trying to get people to buy that?!?