I love it when it's quiet, page-6

Hopefully an enlightening quarterly..

• $5m debt.. wiped.
• 40% shares.. cancelled.
• Old directors.. gone.
• Options all about to expire. No dilution (unless we hit 20c )
• Name change to start afresh. Complete.

So after the raise we have..:

• $850k existing cash + $850k non-renouncable issue = $1.7m cash
• No debt.
• New director on board.  (when he was appointed to GSC, share price was 1c .. hit a peak of 9c  now 5.5c - all in under 12 months). (ISX May 2010 price was 1.8c when he was appointed, it took a while .. now its 50c)
• 126m shares on issue @ 2c = $2.5m Market Cap  with an EV of less than $1m if it trades back to that price.
• New annual report soon to see what further clues the T20 might provide.

Good luck quiet crew