Ann: Appointment of Independent Non-Executive Director, page-66

Hey Guys,

Given the position we are in regarding cash flow (nil), cash at hand (limited) and pending huge capital investment and payment due, I would be deeply concerned if our new board member joined to solidify an investment in us.  By that I mean I would wet my pantys if I had my companies long service entitlements buying into a speccie company like ours.

Di clearly has and is paying her dues as she climbs the corporate ladder but lets be honest, she really is a junior member of the board.  Given he Teltsra experience was with a very different marketplace, it will take he some time to come up to speed.

If she was bringing bags of cash for us then this would need to have been disclosed in a timely manner I would think after and appointment is too late to do this IMPO.  On the other hand, doing this as a director makes me wonder about if there could be a conflict of interest.

What we have is an enthusiastic junior board member with some good corporate experience who is climbing the board room ladder. Enthusiasm like this is hard to beat because if she can win the mum's and dad's market it will take her into many circles previously unavailable to her. This end of the market can often set prices of a commodity or share because of emotion and a good one to tap into, even if the price is ridiculous. As someone once said "a share is worth what someone is willing to happy for it"

With this responsibility it goes a lot of pressure.

I for one wish her well in this male dominated field.