Quarterly report in 25/Oct/11 (before SPP)Convertible Notes"The...

Quarterly report in 25/Oct/11 (before SPP)

Convertible Notes
"The Subscription Funds are due to directors and related parties of the company."

"Repayment of a total of $640,000 has been deferred under the terms of the Convertible Note Deeds and otherwise in accordance with the announcement of 10 May 2011."

Possibly $300,000 been repaid via SPP, so still owe directors $340K ($640K-$300K) + working capital needed, so SpringTree subscription will be required.

10/05/2011 Announcement (before SPP & SpringTree)
"...875,000 of the 1725000 unsecured Convertible Notes on issue have now reached their redemption dates."

"The Company intends to repay the $300,000 at the earliest reasonable opportunity." SPP???

SPP is for repayments, so still need SpringTree's money. TFA's money once arrived may not able to use for repayments of Convertible Notes, since they specifically said it is for Yogi.

Someone posted "good to see directors are buying". May be they increased shares because convertible Notes.

1) TFA's money for the Yogi project
2) SpringTree & SPP for repayment of Convertible Notes