Ann: Appointment of Joint Company Secretary, page-100

Putting aside the trolling from the obivous 2 the facts of where we are right now remain:

1. 3 of the deliquent investors are being pursued in Singapore, we already have a court ruling in our favour its about how its enforced, at the very least 1 or 2 of these investors will have assets siezed and/or be bankrupted

2. XST is looking to divest out of Dempsey

3. REL have a purchase agreement for Dempsey, they are trying to arrange financing for that and other projects, remains to be seen if/how they can do that. Obivously Cosimo thinks they can lets see the colour of their money

4. XST are committed to Alvares at this stage, although may divest that to REL assuming 3. comes good.

5. XST have a very light cash burn

6. Cosimo obivously has a piple line of potential project acquisions, its just a question of how to fun these, REL?, Singapore?, other?

Who did what DD 2 years ago is in the past, my opinion is that XST were badly let down by Sanston, and probably if Cosimo had the time again he would have done more DD himself, but thats in the past.