Their are similarities between IOP and what PL has been saying....

Their are similarities between IOP and what PL has been saying. Pete always said no cr until jv. IOP say we will raise $45mil after a deal and relist. Presumably at higher sp.

Also altered the terms to include a takeover. Possibly because its the easiest solution to this mess. Why take NKP to court and waist years or partner with NKP when you could just buy us out.

On the negative IOP were promised funds by Dec 2011. This is extended until June 2012. $45mil is heaps and could bring the stack of cards down if we still cant formalise something by then.