Ann: Appendix 4C - quarterly, page-3

Lazy? They just renamed the company. That's a great achievement. Not many boards rename their company. Also, they took over another company and found it to be even more of a loss-maker than forecast. Now they are looking for more acquisitions. We should be grateful that they splurge shareholders' money on loss-making companies. It's really tough to drive down a share price from nearly $2 to .013c. It takes great skill to do this. What great boards we have had over the years! Must be tough at the top doing precious little and yet earn big bucks. That takes a special kind of skill and personality.