Although the Company remains confident that the conditional...

Although the Company remains confident that the conditional share placement will be
approved by shareholders, if such approval is not received the Company would need
to secure other sources of financing or seek a new extension from its banks in order
to meet its obligations in April 2010. Although there is no guarantee that the
Company will be able to secure such extensions or alternative financing if required,
the Company believes that such arrangements could be secured under better terms
than those reflected in the existing commitment from its banking syndicate.

this part is especially nasty...

Although there is no guarantee that the
Company will be able to secure such extensions or alternative financing if required,
the Company believes that such arrangements could be secured under better terms
than those reflected in the existing commitment from its banking syndicate
better terms for who?..


you guys are being screwed over again....catch 22 now...