Ann: Proposed Capital Raising & Cancellation of Con Notes, page-68

Pretty tough day today due to this announcement.

Like Ruby a day or two before, I purchased another 20,000 GMV @ 10.5 cents late yesterday - only to see this announcement drop first thing this morning.

Thought it was the update from our CEO when it first arrived in my inbox.

I understand the need to sort out the CN situation, but the timing was just awful, and any positive momentum for GMV has unfortunately been halted.

IMO any future news would need to be very good to start to build the momentum again.

I am still confident that 10.5 cents will be good buying in the not too distant future - but after finally being in the green for GMV (fleetingly) just a couple of weeks ago when it closed at 19 cents, today was a bit of a shocker.