shishhhsshh!!! dont wake me till santa's here , page-2

This from an update on Friday 11th Dec

The Company also announced on Monday the finalisation of negotiations for up to a further
$25M as a whole or partial substitute for the AFHL funding. Those negotiations have been
reopened on matters of detail but the substance of the transaction is proceeding on an
appropriate timeline for completion before the end of December. However the Company has
been approached with an alternative and possibly better offer from another party and the
Company is now considering both offers. It is expected that one of these will be accepted in
final form in the next few days. At this stage, the names of the parties are confidential but any
accepted offer will be conditional on approval by either Shareholders or Noteholders or both
in general meeting.


It's now fourteen day's down the track, their few day's is starting to look excessive, and as far as completion by the end of December, if nothing is achieved by "close of business" today, I can't see much happening during the three business day's next week when all the mover's and shaker's will be on their summer break.
Dare I suggest that we are in for our fist delay in our next attempt to secure more capital and it hark's back to why management waited so long and let finance's become so critically low before setting out on this endevour.

Merry Christmas to all and a prosperous New Year