Ann: Completion of Senior Loan Refinancing and Eq, page-15

re: Ann: Completion of Senior Loan Refinancin... Bvw I know you're not having a go at me.

I think it is strange that you think the intos drove price up when I believe existing holders (if offered the opportunity) would have easily raised the $23.6m that the instos stumped up at a much more attractive rate. They got a heavy discount.

I even think if they reinstated the DRP they could have raised enough money.

The reason the price is where it is now is obviously the cap raising and recent events in Japan.

Anyway, my opinions only. I think the dividend is secure, the market is at or near the bottom and they are amortizing debt. There are plenty of external factors that you have mentioned that are relevant, however they are relevant to the market as a whole