Ann: Chairman's Letter, page-21

50% of the big project like this is ok, long term but....
out of the 50% how much will the small holders end up with? The management has tons of shares, not sure what they paid, most shares pretty cheap and we are where we are - not in production and still need what USD$50m? more shares... at what price? I thought the management was paid well and they should deliver. No I'm not happy and I've sold most of my shares and I'm doing well with other investments.