re: cornell firstly i would like to read as to what security SKG...

re: cornell firstly i would like to read as to what security SKG have offfered for the loan.

Cornells are to be paid back by way of shares with a prevailing inetrest rate of 12%......shysters rates!

and with a further 6% discount to the two week lowest price.

more shyster rates.

i think Cornells would be looking to get their $850K out of SKG.... ASAP and NOT by way of shares which will be worth nothing when SKG fold.

So where do Cornells rank in line with other creditors?

The way SKG are going right now......to acquire Epay they need to come up with $8m in cash....immediately and a further $20m of shares.

So to raise $8m now......at what price?

10c.....maybe?

its looking worse by the day for SKG and they need to raise more cash in short term monies just to continue to operate.