Crap company, Sack the board, page-39

I think what you meant to say here is you'd HOPE that a management team on a $0.5m+ salary have anticipated these points.

As per my prevìous post, unfortunately they have no discretion whatsoever in regards to when Lee redeems the note - these were the terms management agreed.

The CPA is UP TO $5m, but listing rule 7.1 would restrict that to 3.8m if they could short sell 380,000,000 shares.

Regardless, GMC are still $12M short for the project. Even with the $5M, they would still require an additional $7M.

Yes, you'd HOPE management have a plan to fund this deficit, but if they do they still haven't disclosed it - making it very probable that it will be an imminent CR.

I'd HOPED management could close a deal with Pak Marthen, given it was executed.

Shareholders had HOPED DSO would be signed, furnaces would be complete and shipped to site along with all the other milestones that never occured.

HOPING that management deliver, is an extremely different proposotion from actually delivering.

I'm simply pointing out the facts and the risk that exists if Lee redeems his $1.0M convertible note.