Ann: Straits executes agreement to restructure Convertible Notes, page-5

I thought this over and I think when you have a very long term view of the investment and you want to get into the basement bargain prices, you have to pay a premium... for any entity to get their hands on 245m shares in any company would cause a massive bull run there...even an orchestrated buy in would cause a lot of spikes and in the end they will have to pay way more than what they paid here... so the smart investor gets into the next best thing of a bargain basement - that is - pay a few times more than the current sp which itself is not a correct reflection of the story...at 0.5c we are way undervalued here... imo our true value would be atleast 1.2-1.5c if not more... so now the premium paid is not that high... they paid double of the value and not 4.8 times as we see it...

mind you, we are talking about a long term view... these guys know that they have not got into something they can flip it for some pip trading as they are not getting mates rates here... most of the time such deals happen at mates rates where a large chunk is given to them at 20% discount to the current sp and then these guys start selling as soon as the shares land in their account and try and get as much off into the waiting queue and probably get 4-5% of profit - not bad for a few weeks of investment.... here it is not possible... for them to make a profit, the sp has to go 400% above the current price for a break even itself.... so these are really deep pockets with long term views...

for the first time I must say that this looks good and I see some life returning back here... of course PiCu is going to be a vital ingredient in any turnaround story and atm it is not ready to oblige :-(