Funny how we haven't gotten an 8K on the partial conversions by new Arab investors that Roger Gale referenced in the webcast. The Marr conversion 8K was made on a timely basis.
per Roger
We have been working with those investors, the private placement investors over the last three months and I’m pleased to say that ""those investors have now exercised or are exercising a portion of their warrants and there has been cash coming into the Company over the past few days."" Marr, our currently largest shareholder, has also exercised some of its warrants, and so there is new cash into the business. We have had a whole series of discussions with these investors, as I say, over the past few months and I will be traveling to meet those investors in the next few weeks and we will be aiming to put together, we hope, a plan, a commitment plan for those investors such that we’ve got sufficient funding to execute on our business plan during the course of 2008.
This was on 12-6-2007. Where is 8K?
12
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The total amount of warrants held, I think, is around $13.5 million, that being the total by those investors. So I hope that is a sufficient response. They have indeed honored their commitment to exercise a portion of those warrants to fund the business going forward. Thank you.
