These placement term are even worse than what was posted in the...

These placement term are even worse than what was posted in the PAC Partners interview which stated 4.5 cents with 1 option for every 3 shares. If things were going as well as they claim, why are they offering shares on such discounted generous terms… 1 for 1 options means that they are giving away 100million options which was the same amount offered to QIC for a loan of $4million vs $20million.

Further reinforces my view that they were not able to secure a loan from QIC because they failed to meet the conditions of the loan (and chose not to disclose the conditions that they failed to meet) and not because they believed that they could secure better terms for the shareholder.