Given the significant projected post-filing accounts payable balance as at May 17, 2013

and the Applicant's ongoing funding requirements thereafter, obtaining additional

financing, including obtaining a waiver of the existing defaults under the DIP Agreement,

is a material requirement for the Applicant to continue to pursue its restructuring under

the CCAA.

Tenor says they are stopping payment on the current DIP agreement but they will continue funding KRYFQ thru May 17 and beyond with a new agreement (but it's going to take a bite out of that potential reward for us). And don't forget Tony Reyes could object to any plans. The BOD sure was way off on their income / burn rate projections, Anyone else thinking their income vs. cost projections have been way to optimistic? Gawd!

We were going to need more funding eventually anyways so by Tenor pulling the plug early, could we get some salary and cost trimming done to the next DIP agreement?