Ann: Appendix 4D , page-7

Newport will get the money. They will make abouit 10% on a raising, it won't matter to them what the SP is.

Whatever is required be it at .01c .001c or whatever. These guys know what they are doing and have a ready list of clients able to throw in large amounts on a brokers recommendation. If nothing else, I suspect they will be contacting old FRE clients and selling them on the averaging down concept. LOL!

I should think that FRE will want about another $4-$6M and I think they will find that even in this market with an enthusiastic broker recommendation.