Ann: Subscription Agreements Funding Update, page-26

for those of us that have seen the last 12 months performance of the management its been exceptional.

• sanston investors baked it at .005 and kept it from liquidation and backed the new director cosimo
• santons invetsors put in 3 million which was 2 times oversubscribed  at 1.5 cents... backing cosimos abilities and new direction which had full board support.
• xstate looks at multiple ventures, drops the sunshine deal as it appears due diligence reveals some issues that sunshine did not want to give up time to scrutinize..
• xstate is best performing (12 month) share in its sector by many multiples to anything else..
• xstate brings forward the sansenina deal, with a capital raise at twice the value the share is trading at. sanston fully funds the deal with 4 investors
• sanston fails to deliver the money to xstate across multiple deadlines. xstate board announces they are absolutely confident the investors are on board, no change to their agenda what so ever, latest deadline for sanston to deliver the capital is in the next 48 hours