Ann: Change of Director's Interest Notice, page-437

Smuglex, your line:"Even though A2m's phoned a poster here and told them the brokerage houses and instos claim they are fine with it, they really are not."

I take it you are referring to me, well please don't misrepresent what people write, this is what i wrote; "People on here may not like it but the company is comfortable with all that has occurred and they have spoken to a number of brokers concerning this issue."

You have been very vocal on Jayne and very willing to slag her off and the board at times but have you actually taken the time to contact the company and actually attempt to find out some true facts? By you not posting any indication of such I would take it that you have not, so why not?

As I stated yesterday we do not know all the facts but the one thing I was told yesterday by the company was that Jayne had commitments before joining the company and the board understood that at the time of employment. For all we know she may have signed a deal 6 months or so ago for $10mill to purchase a new house for example and part of the loan valuation process was that she was in the near term to xxxxx amount of money from her employer made partly up of bonuses etc. A2m board agreed to honour 80% of her expected bonuses etc as part of her employment conditions.

In the same light the board agreed to give her 60% in August of her time rights for that previous employment as she was to recieve them from her previous employee then and that is how the following tranches will be structured. Please remember that Jaynes fixed remuneration is $1.5mill per year which is somewhat lower than her previous so if she had loans etc these still need to be serviced.

The whole point is we do not know what Jayne and her family have committed to and what their borrowings are etc. We do know the board accepted her as the best person for the job after an extensive search and were willing to offer her the employment conditions she was given. You may think she does not handle her finances well but she has managed them well when she negotiated her package to service the commitments she had.

At the end of the day you can jump up and down all you want but the simple fact is she signed a contract with the company that has to be honoured.

You can say that the tax does not have to be paid but I can almost guarantee you that Jayne would be a PAYg client of the tax office and would be paying tax on the rights conversion very soon, note the word rights conversion not share sale!

As for not getting it or being a phantom poster, please, people who take a balanced view whether they like it or not are not stupid or niave, they may be just people who like to consider both sides, gather the information from multiple sources and choose to leave emotions out of it.

And finally you have a number of times written about how you have done so well and how well off you are but as I said yesterday to someone who also wished to make the same claims - just remember the saying there is always someone bigger, faster, stronger and with a bigger d##k.

Anyway A2m will probably be down again today but more likely to do with the rest of the market and the previous management than anything Jayne has done, as you say its more because of the work of her predecessors and the current BOD than her efforts to date.