Ann: Quarterly Activities Report, page-60

Hi Nunga,

You might want to re-read my post above,

I didn't suggest that shareholders have been selling to convert their options, Warwick Grigor did in his FEC weekly. With Warwick having access to the share/option registry he should have a pretty good idea of what is happening. I know of shareholders who have sold shares to convert their options.

I don't know why you would assume there have been no sales apart from the $11k in the Quarterly report. None of us know what FGR's sales terms are, I suspect they will have a 30-60 credit for the larger customers they have secured, the $11k is most like smaller samples orders.
FGR has disclosed that small orders will not be announced.

Like all of us here, I am waiting for the news of the 2 large customers FGR has been negotiating with, that required FGR to secure additional graphite supply, I can only speculate that these orders are European based. I am also keen to know who the other 5-6 customers FGR have been working with that required REACH approval.

I wouldn't call WG unprofessional, he has been a very successful businessman. By memory, WG sold one of his businesses to Canaccord for $40mil+.

Did you listen to WG's podcast that Yowie21 found? (posted by me) It gives you a good background on the type of person WG is, his investment strategy and why he publishes a free FEC weekly.


Did you take part in the Loyalty options Nunga?