great news for holders well done, page-14

I don't think the mgt have lied about the short term debt. Would appear that due to loan covenants relating to market cap the short term debt has increased. This is not unusual for lenders to link loan covenants to mkt cap, albeit frustrating for companies as the last thing they need during mkt turmoil is a lender calling up a loan.

Anyway, the announcement is excellent. MFS will be cashed up, debt cleared, sure some damage done and unlikely to get back to $5+ in a hurry butI'm holding at .84cps so sitting comfortably on this announcement. Still DD to be completed so nothing is 100% until the deal is done.

Will make up for the FMG order I pulled after an hour yesterday of being 2-3c away from the action at 4.83 for 50,000 shares, after seeing $6 this morning....doh!