Ann: Letter to Shareholders - Share Purchase Plan, page-8

It is an interesting conundrum. The only reason to take it up is if you believe enough in the company to send your investment dollars to them, rather than to an on market seller. I won't be taking up the offer as I'm directing funds towards a business venture. Saying that, if I was to make a purchase tomorrow it would be through the spp.

reson being, the more cash raised now, there will be less of the Spector of a cr hanging over the sp post consolidation. also, the market likes to see an over subscribed Spp.

gltah