THE NEW PNC TELECOM

Duke - why don't the company buy back the loan notes using some of the £2m cash? The company does not need the cash, and its supposedly profitable (and if the directors have no intention of converting, I'm sure they'll agree L O L)

- funny how directors were 'forced' to loan the company over £400k when the company already had £2m in cash(!)

This whole scam is being engineering to make Case and Knifton a killing pure and simple and the companies broker is just as bad:

Beaumont Cornish
Limited, the company's Nominated Adviser, considers that the terms of the issue
are fair and reasonable insofar as the Company's shareholders are concerned.