loyalty options, page-6

HDG with our assets having a MC of $2.5M is both upsetting and deplorable.

Management are clearly trying - we so need the current DD activity to show a business case to support a going concern and partnership.

We need income and fast or I fear there will be no option but to raise capital at or near 3c....just imagine what that will do to dilution of the shares currently on offer.

It is too painful to think about but there will come a time when management have their hands tied.

I have a significant shareholding in HDG and its currently down approx 90% but I also have faith in the long term viability - my participation in the recent SPP shows that - even that is down 65%+

GLTusA.

Cheers,
Snagger