Ann: Letter to Shareholders, page-74

To me that announcement that said FTT were conducting DD on a potential transaction just sounded like corporate spin to try keep SH on their side. A project can appear on their desk and one could have a glance at it and be referred to as DD.

Are you comfortable with the unnecessary mass dilution at the bottom of the FTT chart? Anyone that understands dilution understands that pre-existing holder’s who couldn’t participate got their positions blown up by current FTT bod.

Given how loose the FTT capital structure looks (low % held by top 20), I am leaning towards a 50-50 outcome vote. If the FTT board felt like they needed to issue scrip to friendlies in a bid to keep their position, maybe they are feeling very vulnerable.