XPE Lounge, page-2973

Hi Folks.

Well, I’m out – I sold my holding today, after riding a long and interesting wave. I made the decision after the share price reduction basically took me to the point where the profits I made last year from it were extinguished by the drop this year.

I rode the distance because I maintained my faith in the product all through, but unfortunately the ever – increasing disconcertion with the management and the decisions made have turned that to a level of cynicism that I cannot dispel.

I honestly hope that Xped does fulfil its promise, and that the share price goes on to recover and run ahead in multiples. I know that there are a lot of people here who are hurting badly, not only from a monetary loss, but a feeling of betrayal at a perception of being let down by those entrusted to do their best for shareholders. My hope is that you will all go on to recover and be rewarded for your faith and patience.

One thing that I will claim: I have proven, over a long period of time, to be surprisingly adept at picking the tops and bottoms of the market, and have bought and sold many shares at just the wrong moment. If the low was reached today, then I will definitely be claiming credit for that, and demanding a beer from all shareholders.

I will keep an eye on things, and if the opportunity arises, I will buy back in ... but at this stage I just want to rule a line under my experience here, let the dust settle and see what comes out of what may prove to be a fairly torrid couple of months approaching.

All the very best, to everybody invested in Xped.