quite big value in afgha, page-11

No doubt a most intriguing situation here.....6 month interest is paid in 4 weeks @ 9.4% PA on the $100 face value of the notes.....despite the fact notes can be purchased for $14 or $15

So as mentioned......you should/will get $4.70 for each note held, middle of next month.

Theses note can be redeemed in 2012 for $100 each....so at todays $15 close....add in annual interest - should get a 10 times return on your $15 outlay. (between now and 2012)

Worth having a close read of the prospectus from about 12 months ago......they can defer payment with a 2% penalty, should cash not be available.

With todays announcement....certainly no suggestion, that interest payment will not happen. In fact under the terms of the issue....investors can demand the return of $100 note, should Allco have no good reason for non-payment of interest.

Total interest payment by Allco in May on these notes is about $15 million. Not an overly large amount of cash, in the overall scheme of things.