Ann: Appendix 4C, page-38

As per BCC_100's comments.... it's all about the question marks around its capacity to reach break even without going cap in hand to the market again. All I was saying was that opening the last CR to also include a SPP would have helped shore this position up a bit more.

I've been part of a few of these, most recently PNV which basically doubled from the SPP/CR price in a couple of months. People believe PNV have the cash needed to reach breakeven, while they doubt AXP does.

For what it's worth, I've dipped my toe in the pool today and got a couple of shares. Hedging my bets and keeping some pennies on hand in case there is a CR that drops the price, and also in case there is a SPP if it does happen.

Great product, big opportunity, just needs couple more mill in the bank to shore up the path to break even.