Ann: Appendix 4C - quarterly, page-106

I'm one of those disappointed with the 4C after the almost unbelievable April update. I strongly believe the company should have provided a May update on the significant drop in revenue and could have provided context around this, ie repeat orders every 3 or 4 months which provides for uneven income streams if that were to be the case. I want tranparency in reporting and not just on good news. I'm actually surprised how well the SP has held up so far, but will expect a general slide over the next few weeks. Overall I remain optimistic about the huge growth potential in ZNO, which is why I haven't sold any of my shares. That is also why I don't want any dividends any time soon because I want the company to invest in its expansion in some of the huge overseas markets it is targeting. You have to strike while the iron is hot. I was also pleasantly surprised with online sales, although that makes the drop off in revenue in May and June even more dramatic than my first glance of this report indicated. I hope that the annual report can shed more light on this.