Ann: Funding Update , page-4

No, AYN will NOT get $10m up front.

They MIGHT get $10m up front if the deal goes through. Contrary to what D'Slyva says this proposal has secured nothing. The key phrases at the moment are:

"indicative proposal"

"indicative non-binding proposal"

"proposed agreement"

"We will now work with our financier to move to a final binding agreement on mutually acceptable terms."

"70 day period of exclusivity ..."

As for it being a necessary evil, yes it is. But what concerns me most is that the company is hoping to raise a total of $24.6m dollars. They must have really serious problems at their producing mine if they need that sort of money to attempt to get everything working properly, after all this time. Bearing in mind previous AYN management were convinced they had sorted all the problems out with the quad crusher - what are the reasons for failure now?

Metal Stream only get the good deal if the company survives. Big reward vs. big risk.