(the "Loan Agreement"), will be satisfied by delivery of 728,588 of the Company's common shares (the "Interest Shares") at an effective price of $0.5219 per Interest Share.
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Interest payment 0f 728,588 shares to be delivered on April 1o/15 is the second
lowest number of shares for a full quarter's interest. It compares with my own
calculation of 768,645 shares. My average price without volume weighting of
$ 0.4535 differs quite a bit from theirs @ $0.5219. The lowest number of shares
was paid out on July 10/14, 518,270 shares. Unfavourable excange rate of
CD Dollar hurt us again.
GLTA,
Fossil