Ann: Appendix 4C - quarterly, page-15

Sold some shares to raise cash to fund the options, if I did that I assume others may do the same. Don't expect to much action until the option saga has played out. Quarterly okay but not stellar. I am sure an announcement post June 30 contained a projected sales of plus 85000 for 2014. I find that frustrating as by the end of July it would have been apparent this was not acheivable. That said profit is the most important measure of success. It is my understanding electric bycycles are classified as scooters in China. So maybe those oem numbers are not that relevant if in fact they include electric bikes for which you would expect the margins to be tight.