Ann: Secured Loan Facilities, page-6

Yes, that is the best case scenario 5 speed. We have to remember that when Mr. Rodan became a substantial holder he paid @8c per share from memory for that privilege. Naturally he is now in damage control mode and trying to protect his interests in IDC, including work for his contracting business. After all who was it that appointed Dermott McVeigh? And therefore could one reasonably argue that Dermott was not employed to look after the interests of all shareholders?  i.e. Did Baker Steel or Genesis for example get a vote on who their preferred person to lead Indochine out of this mess would be? I know I certainly didn't. Nevermind, what's done is done and as a director of Summit Dermott has inherited certain responsibilities which he and Brian will have to deal with.