Ann: Notice of Extraordinary General Meeting/Proxy Form, page-8

Hi Ahjay,

"If current proposal accepted Ridgeback agree to purchase nearly 14M shares at a dollar in 10 years time..."

I don't think that's quite correct.
From  Appendix B

	Column 1
0	(b) 13,750,828 10 year Convertible Promissory Notes (Notes) for a subscription of a Face Value of $1.00 each; and

Essentially, this is a convertible loan. They are "lending" PRR $13.75 million now at 3% interest per annum for 10 years. At maturity the loan will eventually be satisfied and repaid in the form of shares at the conversion rate of $0.02 per note. So roughly 687m shares.