Key Points from Latest PR. - Financing in place. -

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AJH92
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Key Points from Latest PR.

- Financing in place.

- Convertible debt needs to be addressed.

- 80% of first draw down of financing allocated to operations.

- 20% allocated to retirement of convertible debt.

- Negotiations with debt holders for long term leek out agreement, a conversion lock-up agreement or a direct retirement of debt to give the company the time to publicly announce Q1 + Q2 2017.

- Company also favors a 1-100 reverse split reducing A/S from 4B to 400M.

- Company considers combination of an agreement that addresses convertible debt, continued financial performance and improved capital structure are all in the best interest of long term shareholders.

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