Ann: Year-End Legacy Liability Reduction Sprint, page-3

712,394,973 equity after this issue.

Assuming sp weakness and the remaining $850k of debt is extinguished at 1.8c, then 47,222,222 shares to go.

Lets say 47.3m for ease.

759,617,952 total shares by time we finish. Not as great as a sub 500m equity base, but it isn't as bad as some 1b plus outfits. The main thing will be dec and march qtr - and how successful net 0 is. If volumes turn a profit then at 759m equity i don't think it's the end of the world if the blue sky for revenue growth is rreally there (time will tell).

What i wonder is why not fight the remaining debts? Or is the cost that much more than the $850k to resolve them.