Appreciate your post Fossil but I fail to see what is wrong with accepting the terms as is. It's just a legally required process. Remember, we can always pay it back before conversion!

Right on ANL..........I stated in recent posting that i will fully support the menagement

on this issue and will vote yes.One poster calculated that at $0.26 it will take 5-6 Mill.

shares of Noront to cover initial years interest on the loan.Agree, except that shares

of Noront may not stay this low for long.And offsetting that there were some 400,000

options issued to Wes that have not vested at the time of his leaving and are likely

dead. Also there are some two Million options exercisable at $0.80 that will expire on Nov10/13 worthless unless Noront goes toward one dollar before then.

So that takes care of 50% of our financing cost.

GLTA,

Fossil