Ann: Rights Issue and Termination of Acuity Capital Facility, page-101

Painter.

Not having a go at you here but, can I ask how many of these raisings have you been through at ICG where you suddenly find each share worth half, or at least considerably less, than what it was worth the day before?

Many of us who have been in the company for a decade or so have seen many.

" but until now everyone had spoken very highly of them"

It was a stated fact by the good doctor that when he came on to the board that the heavy discounting would cease. It just shows that you cannot take them at their word.

Lockitt