Ann: Cleansing Prospectus, page-10

I don’t agree with your comments at all.

Firstly, the options are a new unlisted series with an 8c strike and they were issued on a 1 for 2 basis. It wasn’t the IHLOB series that you quoted so that comment of yours is misleading.

Secondly the Company advised that the shares were issued to existing supportive shareholders, which by the way included Director Peter Widdows who has put funds in at every placement and never sold a share.

So if there was any selling from these shareholders then presumably it would have already happened because they already had a position.

And finally, at the time the placement occurred the price was 4c. You could have bought a similar position for a 5% premium to the placement at the time. If you did you would have virtually the same return.