Ann: Restructure and Refinance plan, page-10

There's not enough detail yet...two ways to look at it..1. either what is proposed helps us out of a deep hole..one will never know how the lack of a legitimate Board with the required attributes to make this succeed has in fact contributed to the crisis, and 2. New recruits to the Board, possibly nominated by the Action Group, may have the credentials, experience, reputation and business savvy to source funding from more favourable parties. Based on our revenue of $26 million for the past year, a good relationship with a lending institution could have been sourced depending on the astuteness with which current revenue is being expended. We really don't have answers to this with full audits of operations and accounts.
Once again a promise of free cash, 40,000t/q, and a well known cost structure. Repeated themes that just don't ring true any more, but point to things being handled disappointingly (being polite) for too long.