As per page 18 of the financial statements there is about $12,553,714 owed to JIIL. This does not include the $1,400,000 that was just borrowed on July 16th and due in Nov this year.

If you recall the company's target to start paying down these debts in Q3 &4. Well in the next 40 days or so $4,300,000 is due as per the companys schedule.

In Q4 (Nov & Dec) about $6,250,000 will be due.

Then in the First Quarter of 2011 is $3,000,000 that is due.

Keep in mind the May 25th 2011 deadline for the Long Term Debt which currently stands at $18,775647 (Point 10 of the financial statements). All these numbers do not include any acrrued interest todate or for the next while.

As I stated before these aggressive goals of debt pay down must come from profits not just revenue from increased production.

All this explains the new 52 week low in the stock. I just wonder how those at Royal Bank who sold off lately anticipated all this before it was made public.