perkoa update annmnt, page-23

Ironically now the banks will dictate some fairly onerous terms ... no prisoners in the wonderful world of credit crunch financing. As stated previously, not impossible to get financing done however it will be a relatively expensive exercise compared to where it could have been done at last year.

What particularly irks me is that I raised this point last year with VB and was advised that credit squeeze was not something that the management felt was a serious enough concern to start looking to mitigate. I appreciate that BC is starting to turn the AIM ship however I do feel that there should be come consequences and accountability on behalf of the management for sitting on the sidelines and allowing MF to act like a pillock.