update, page-50

Vote no to Res 6. I see almost no risk in doing that to the company. They simply have the 15% capacity to raise cash if required anyway. And they have enough cash in hand now for the next 4-6 months operation, which by that time there will be some handy $1-2m from oil sale. I am happy to vote again after that if the 15% capacity run out.

If we vote yes to the Res 6, the risk is that we never escape that cash raising and share issue circle.