Ann: Defamation Legal Proceedings by John Heugh , page-40

share consolidation was necessary to get the share price up to a level where people may actually think the company is worth investing in. Penny stocks attract speculators not investors. As for the options, they were not in the money and were never likely to be in the money, sadly I lost a lot of money on them. As for JH nice guy put a lot of land together but did not really seem to achieve a lot beyond that, a man with a hundred ideas but did not seem to be able to deliver. Yes we can wax and wane about what could have beens we are stuck where we are. all in all I have far more confidence in RC as he has actually delivered for Queensland Coal as such has a track record of success in delivery (regardless of those who can give a thousand reasons why he really did not do such a good job). I would prefer a proven winner leading us than an unproven leader. RC has taken a less risky approach but that is delivering JV and other things, Yes JH may have started negotiations and getting things rolling but again delivery is what counts. We have more land than we can ever hope to drill and very little money RC has done the right thing in my mind in swapping interest in our leases for being carried free. I personnally think CTP would be an even greater basket cased had JH still being in charge.