Ann: Half Yearly Report and Accounts, page-95

Hi @Surges

Apart from doing ALOT of reading on M&A's before investing more funds in the last CR I don't have any personal experience in these events.

I'm interested to see what you think will happen in the next 2 months. Do you believe a cornerstone investor will be found?

FWIW my view is we are going to take a major hit as holders in this funding arrangement. The wording of the half yearly was strategically written to sow the seed that the next funding arrangement will be disappointing for the majority of holders. The only ones who will benefit are the entities Twin alludes too above.

@Twinvest I am interested in yours and @Surges & even @ds if he is around on the $1M euro increase in receivables between the 30/06/16 and 31/12/16 in the latest financials. Could this be the reason why the budgeted EO was substantially higher than the AR budgeted for?