Ann: Letter to Shareholders, page-57

They are entitled to get all their money back before we get anything as they rank ahead of us. We are lucky to be getting 2% as we could have ended up with nothing. This is the sad state of affairs at this late stage in the game. The question we should be asking is why weren't CRs done at an earlier stage to clear all the debt even when the share price was 10 cents? After all the underlying asset is world class. Even pissant little uranium explorers have been able to raise money in this market.