Ann: Notice of Annual General Meeting, page-18

A cash raising below 85cts would indeed look very bad. Whether it's to a placement to a Chinese Sovereign Fund or to US based fund like Capital group, it would still be dilutive to everyone especially to Ron , Richard, and the rest of the party. To be dilutive is also to lose out voting control in the long run. I hope they will not gain additional capital in the short term at the expense of losing voting control. Unless, of course, Ronald exercises the 20m shares still to take up from the merger exercise. But still, why run the risk of losing control over time.

I think Henry should really focus on getting the share price up. If any fund from the US is keen, ask them to buy in the market. A higher share price will also be helpful for future acquisitions if FLC wants to use scrip as currency instead of cash.

If someone is attending the AGM, it would be helpful if these points are brought up for discussion, or at least made known to Henry.