Ann: Commentary in relation to Appendix 4E, page-57

The 3.5 million is expensed to the wages line and the other side which is income in the reserve account and can be used later on to pay dividends. In essence it cancels it self out as the loss it creates is offset with the reserve.

Just dilution, but that cost is accounted for as it would be if cash was used so people see the true wages to the business. That's the idea.

This is a storm in a tea cup. It was reported just not disclosed. This is massively poor management again. Why not be upfront with it and come out with something like we have achieved milestones 1 in first half and 2nd this half and the board has decided to hold of on the allocation until such time as share price recovers. Wouldn't that have gone down with a positive bend rather than say nothing and hope no-one notices.