Investor Update, page-273

First Cape lost over 100 million shares as they were sold down by the mortgagee

So the mortgagee was the one that shorted ADO (or just sold down) all that time between 7c and 2c ?

So First Cape lost and the mortgagee lost, a lot of money ?

First I've heard of this. The general consensus I thought was that FC lent the shares to someone else and the someone else shorted the stock, all with FC knowledge. So they could make money. At our expense. One of the main reasons Martin was kicked out.

So now FC are the white knight ? Holding up the company when all is doom and gloom. There you go. Will wonders never cease.

That's why I cant pay to must attention to all the rumours. It is hard to know what the truth is. The company says nothing and pretty much reliant on the rumours.

I just know that the japanese battery people are going to make a decision soon.