Ann: Issue of Convertible Note, page-8

That's just as subjective.

However, with every delay, not only was every last penny turned over, but the SP was also pushed further and further down, to the current 2.3c, initially as convertible note, but which set the tone and trend. And that's not subjective, but fact.

And where does the journey go from here, after Ping and Tan at the beginning of June? Will the BFS actually arrive early in June, followed shortly thereafter by IDC with the first tranche? And will the BFS, with or without IDC, even be relevant for the SP at all? Probably not. But I know: That's subjective!