gdn's advantages, page-3

I didnt bother reading any of the reaction to the placement on Friday,so this may have already been mentioned. The placement could well be seen as a positive sign, Our debt provider has decided to use their 1st offer right for placement to convert debt to equity for exposure to the well, This reads as very positive in my mind. Allegra also is still owed $750k meaning they still have first dibs on any placement. I'm assuming I got that right & Allegra was the debt provider, I havent checked back on the Ann's to confirm.