how long, page-62

Hmm,

I have an opposing view which is a bit more positive,

1. Like I said before the loan from the chairman is being used as message to shareholders that he has confidence in the ability to deliver.

2. They have someone to fund which will be through equity. This must be done at a much better share price which will be the result of pending deals being announced.

3. The chairman gets paid a pittance for non-executive role at pie. He is also chairman of fleetwood corporation and Eurogold and has many other ways to support himself so losing his position at pie is insignificant to him.

4. He has given the loan at arms length, has continually contributed to previous capital raisings. If the company goes under he will be viewed as a creditor and the administrator will legislate as to how much creditors receive if anything?