Ann: Investor Presentation, page-84

I believe management are doing a decent enough job in setting up SPX for long term success. Unfortunately I think the SP is in for further pain short term. The requirement for further first loss capital, plus the current cash burn rate coupled with the less than marketable parcel sales facility is going to keep putting downward pressure on the SP. Given that revenue won’t increase significantly in the next 6 months or so, SPX is going to need an insto cap raise for operations and first loss capital for the current debt warehouse house and agri. It’s a difficult balancing game for management currently, hopefully they can pull it all off with as little dilution for holders as possible. Let’s hope they can lock in the right intso/funds for long term growth, timing is key.