Don't accept this first-round, low-ball offer! Don't sell., page-17

Us smaller shareholders would only get diluted if they didn't offer us our relative share of new shares in the capital raise to fund development. Those investment bankers should now be able to organize an underwritten rights issue with CD Capital or SOL as an underwriter for the shares some of us may not want to subscribe too. Clearly mgmt doesnt think it can raise the capital from its current shareholder base, hopefully expert report will be balanced as to the potential net present value up for grabs.