Ann: Management and Board Restructure, page-5

My reasoning goes something like this. It is clear that Gray and Parry fell out,big time.

I just didn't see Gray agreeing to anything much whilst Parry was in charge. Right or wrong is not the issue, just my view.

With Parry gone, and Gray back on the board, it should remove one of the challenges. Of course they still need to raise money and with the fiscals currently , that is a tall order.

The options will lapse, for sure. I suspect that he could pick up most of those tomorrow at well below 10c.

Gray sank a sizable % of his asset base into TIG, having sold out of his baby, which has almost trebled in price since then. So he has taken two vary large hits. Around $200m in total.

He has a lot invested, including emotional capital, to let this thing go under. He has a very significant vested interest in getting the finance deal done in some shape or form.

One can argue with a lot of the above, but you asked for my reasoning, and that is it.