Ann: Notice of General Meeting/Proxy Form, page-44

Well, like someone mentioned earlier it’s like a cosmetic thing, to make it look better on paper if they were to do further crs. Say they were to give a 30% discount again to the instos etc on the current sp that would send it down to 2c for sure. That’s a very bad look on the price obviously. But if you consolidate it now, it becomes obviously 75c so when they go to do a cr , a 30% discount makes it 52.5c, looks better than 2c right? But hey, the original investors are again worse off with the sp as well as further dilution. And if they do that a couple times more... I have never words...