Ann: Turesi Prospect Progress Report, page-53

King being the largest shareholder will be suffering the largest "paper" loss per se, but that is not knowing what capital he has actually put into it. It would be a hard task to determine if he has recouped his capital over the years and is free carried but the sheer amount of shares he owns it would be a massive depreciation of his holding value.

For example Kings holdings:
165,785,208 @ $0.013c as at 20th April was worth $2,155,208
165,785,208 @ $0.005 as at todays losing price is worth $828,926 - a paper loss of $1,326,282 in 8 weeks.

So yes, totally agree that it maybe time for him to let go and hopefully some new blood could get the potential released from GPP's assets.

All IMO only

cheers