Ann: Notice of Annual General Meeting/Proxy Form, page-31

Have to admit for the first time since owning AJX I have a few niggles. One is lack of information flow that seems to have been stemmed eg releasing info about our customers. It sounds like from latest news letter and emails that we are still all systems go with plenty of customers etc but we are not being informed officially about who what and why, and as we all want the growth to continue (well I know I do) this concerns me somewhat. I have reconciled in my mind this with a couple of things eg Listing blackout and also a comment a while back saying that maybe NC was releasing too much Info about every little move may not be the wisest thing and also being extremely busy along with having some solid customers on board maybe the need isnt there as much. However we haven't heard anything much about mills,tenting, or the luxury car customer etc and to me we should have been hearing further news from these existing avenues by now as that was one of the things I liked initially about AJX that their turn around times from trials to full roll out for customers wasnt that long. Yes I know things can happen that can be out of AJX control in regards to this but it definitely seems to have slowed.

Also the incentives to be voted for are to me a concern. Yes I know that they always make these incentives lower so they are reached, but really these conditions are ludicrous especially with all that the company has been saying about revenues etc. For example to give incentives based on 15 million of revenue up to 2017 does not show a lot of faith on any of AJX own predictions of revenue growth which has been portrayed by the company themselves, geez if you believe in the growth story like I do this is way too low, also share price of $1.25 sheesh we hopefully will have breached that mark by the AGM if DOD comes through. So even based on these two points alone I have my concerns WHY are these set so low, does the company know more about what is really happening than what they are saying?? Really most of the incentives set in my mind should be achieved in next 6 months if what we have been lead to believe is true so WHY so low? Dont get me wrong I understand why they set incentives but based on why we know thus far I wont be voting yes to them unless some of these doubts about AJX that have now surfaced in my mind are reconciled. And no this is not a down ramp I am pro AJX but like I said have a few niggles that hopefully will be cleared up soon regarding these incentives. GLTA interesting about the TSCA maybe it sparked a bit of a buy up yesterday this is all my view could be way off track would love some other views on all this and I always stand to be corrected with anything.