what will it take , page-42

I hope you guys dont mind me jumping here.

Announcement that Genesis from UK is reducing holding from 7.44% to 6.35% is not good news.

Also failing to make $17.5m repayment on 31st December is paramount to defaulting, the US hedge fund which funded loan is waiving the repayment to 15/1/14, probably so company can keep $22m on books to make company look good.

Company has market cap of $39m.
Decision will be determined by 15th January,probably with new owner who wont want to pay much.
Better than Bankrupcy where we lose everything.

I think this is why Genesis is getting out.
I stand to lose a lot of money here,
Havent sold, and have stood by company.
Jeremy Read is probably trying his best for best deal.
Hasnt had much luck with Blumont deal falling over.

That $5.5 m tranaction fee would come in handy now as we are desperate for cash to meet payments.