Ann: Notice of Extraordinary General Meeting/Proxy Form, page-2

Consolidations are usually a value killer for shareholders, and bad news indeed.

PGI consolidated and went from 21c to 7c, and this is often fairly typical.

So E88 will recommence at about $1.80, and since it is losing something like $7 million a quarter, will probably soon sink back to 30c or 40c.

Good luck.

Gw