Response from CGB, page-268

Afternoon Bas,

Whilst I agree with you that there is a distinct difference between bauxite & hemp/mm wouldn't you agree that the value in a CEO lay not in industry experience but business acumen & decision making?

I dare say that an Alan Joyce from 'Qantus' or a Sam Walsh of 'Rio Tinto Group' would be highly sought after for a CEO role across multiple industry.

With the exceptions of Pnina & Sholom CGB would largely have a new team behind it since it's switch from predominantly bauxite to hemp/mm. This new team brings with it a wealth of industry knowledge like Andrew of MCL to name one.

CGB have a team of industry expert.

It's an assumption that CGB do not have the relvant experience to navigate this re-complaince process purely based on it's lengthy suspension & number of prospectus.

It is more a reflection of an extensive process, requiring complex consultation with both shareholders, partners & the ASX. In addition the administrative framework needed to support the new business structure was not pre-exsisting to this re-complaince process & will need to be carefully implemented before re-listing.

If CGB were a bank with billions of dollars behind them & the same level of human resources than perhaps this process would be expedited, a banks weight of influence would not go astray either at this point of time.

Unfortunately it does not have these luxuries available & shareholders will need to continue to be patient.

Dan.