Ann: Results of Entitlement Offer, page-4

Must say I didn't at first consider your very good point of the costs involved of managing these entitlement offers and taking the opportunity to minimize them by doing another round as part of the current effort.. I always have mixed feelings about potential dilution and was a bit apprehensive at first until considering your comment. Considering I subscribed for the shortfall facility in round 1 .. I am happy to go into round 2 again.

I'm looking forward to the next quarterly statement as it will show exactly how much we are earning at current production rates and at what price we are selling it. This will lead to boost a rerate I think..