Ann: Quarterly Activities and Cashflow Reports, page-7

I am still in shock at the 20% fee. They realized that shareholders were onto them and so spent 2 months looking for another way to obtain a bigger slice of the pie BUT very cheaply

So unnamed employees and others get

12.5% interest on the debt
conversion @ .44 cents
PLUS 20% fee which makes the conversion even lower than the shareholders price of .4 cents
PLUS SECURITY



You would have to be a mug to VOTE for that or even think of participating as your contribution will just go into their pockets as they will spend it so quickly and then ENFORCE security

Much better to put your money aside as a CLASS ACTION would be so easy if they put this rubbish up to shareholders under the guise of directors ACTING IN THE BEST INTERESTS OF SHAREHOLDERS

Don't vote for it and then PLEASE put up your votes so that we can get a new board and CEO ASAP.

We were halfway there and only need another 2.5%