PP The PP was approved by shareholders but it was presented as necessary in order to purchase Mengapur. The seller wanted MMY to have the funds to develop and we were told that the only way to do that quickly was the PP. This is no longer true as Mengapur has been purchased without the PP. MMY no longer has the time constraint. It has plenty of time to pursue financing from existing shareholders. The right thing to do is to cancel the PP and do a rights offering to existing shareholders. That way they are not diluted and control of the company is not given away.