Ann: Operational and Commercial Update, page-10

So the Lenders get TBA for $4.2 million cash in the event of any default or Byron Leaves ! Have i read that correctly ?

Why is this dependent on the MD staying ?

How is this legal ?

Where they trading insolvent ? That might be our only recourse if this falls over.

I wish i could get $850,000 cash interest on $4.2 million over 90 days ?

That is 20% interest over 90 days, my Visa Card offers better rates!!!!

May be all us shareholders can pool our Credit Cards an offer a cheaper rate to the Company ?

I now truly cant understand how this will have a positive outcome for shareholders ?

Unfortunately this smells extremely desperate.

Is the Board still being paid ? If so, why ? How can they expect to be paid out of a debt facility ?