Ann: Notice - Bidder's Statement sent to Offerees, page-58

Check the targets statement: "Northrock Financial LLC is an associate of Platinum Partners who acquired the Platinum Partners loan". Platinum Partners Arbitrage Fund holds 17% of CKA and is accumulating more on market, which means their interests are aligned with that of other shareholders. It is clear that they are here only for the takeover, at which point the debt becomes the responsibility of the new entity.

Once the takeover was announced and the manipulation started, it was obvious that the directors had given up on running the company and it stopped becoming an investment, leaving only opportunities for short term and hence the arbitrage fund investment. Everyone else is just waiting for the takeover to go through and given the many stand-by buyers for the Cakra rights issue, there is little reason to think that it wont.