how long, page-55

I think this loan has to be looked at in the proper context.

Raising the correct level of funding at these share prices would cause too much dilution.

Having Interim funding allows more time for deals to be finalised. As you mentioned it won't last long so they must be close.

The Chairman, a hardened investor, knows these deals are close and will have a positive effect on the share price. If the deals do not happen then he stands to lose this sum. He would not risk this sum unless he had a high degree of confidence that the contracts are about to be delivered.

This is a positive sign and the Chairman is trying to send this message to shareholders. If I had to hand the information he has, which cannot yet be released to market, then the case for the loan would be very compelling.