Ann: Kat Gap Acquisition, page-9

Biggest problem is they are running out of money to try explore aa 10% pay cut after the FR debacle would have shown this to me but they keep paying wahes getting loans from family at high interest rates and are running out of money again with a MC of 4 million a cash burn or 1.3 million on wages a year roughly plus other cost cars ect, a CR at its current SP would not be subscribed fully in my point of view and the dilution to keep them able to drill another place out and find something big enough to get the market behind it in a time like this i would put odds in the 1:100000