emailed Managementasking for a shareholders update to clear up the confusion of our Sr. bank loans.As we down -24% this week(sent Sept.13) and 55% for the year. Also mentioned it would be nice if management showed some leadership and started loading up at these prices. If possible to talk to Can. banks to finance some of the project if the European banks keep delaying the process. Anders(Hvide)reply was the sell down in our s/p is due to overall nervousness in the market and due to some investors buying on margin and had to sell. Management is looking at different means to bridge period from equity being spent to drawing the 400million of bank loans. They include A)high yield bond B)selling iron ore forward C)bridge facility. Anders also mentioned the syndication is sticking to their comment(will finance). I appreciate Anders taking the time but definitely don't agree the buying on Margin as PAS has net sold 1.5 million since Sept.1st, where we have been knocked down 37%....now if these donkeys who had to cover their margins didn't sell 1.5 million(1.277 million on Sept.12 alone)would the s/p be beaten up as to cover their account. We had a nice rebound up 7.85% today...even with the idiots from PAS selling off another 173,000 shares today. I stick to my comment we will have our day, just wish management would accept Oslo is killing us and move to a legit exchange. Our day would come so much sooner. I encourage ALL shareholders to contact management and plead for them to come to their senses and get off the Bors, counting the days till we can RIP the donkey exchange.