how low?, page-8

There were 20 mil shares in existing private company and a further 11.3 mil given to vendors

Balnace was 25 mil owned by us lot

The Value of these stocks is not disclosed

Sale dates below -

12Months from the da te of issue being 8March 2010 250,000 250,000 8March 2010
12Months from the da te of issue being 24March 2010 305,000 610,000 24March 2010
12Months from the da te of issue being 7 April 2010 525,000 50,000 7 April 2010
12Months from the da te of issue being 13 April 2010 330,000 - 2 June 2010
12Months from the da te of issue being 29 April 2010 50,000 -
12Months from the da te of issue being 24May 2010 50,000 -
12Months from the da te of issue being 24 June 2010 975,000 -
12Months from the da te of issue being 25 June 2010 800,000 -
12Months from the da te of issue being 30 September 2010 10,620,000 10,000,000 30 Sept 2010
24 months from the date of official quota tion. Expected to
be 6 October 2010
13,286,999 7,913,333 6 October 2012


Fully diluted 80 odd mil to support $4 mil cash

SP could easily hit 5c in current market

Vendors are obviously profitable at these prices