Ann: Appendix 4C and Quarterly Update, page-18

	Total Trades	Total Volume	Last Trade	V.W.A.P.
1	17	499,394	7.9	7.835

	Time First Traded	Time Last Traded	Price	Volume	Change	Value	Number of Trades
1	3:51:21 pm	3:51:21 pm	7.9	22	0.1	$1	1
2	3:43:29 pm	3:43:29 pm	8	98,348	0.1	$7,867	3
3	3:43:29 pm	3:43:29 pm	7.9	112,676	0.1	$8,901	1
4	2:05:16 pm	2:05:16 pm	7.8	37,000	0.1	$2,886	1
5	2:03:55 pm	2:03:55 pm	7.9	35,000	0.1	$2,765	1
6	1:37:11 pm	2:01:28 pm	8	65,398	0.2	$5,231	3
7	1:14:23 pm	1:23:00 pm	7.8	50,220	0.3	$3,917	2
8	10:33:59 am	1:14:09 pm	7.5	100,730		$7,554	5

Demand strips out the ability for snipers at the end of the day.
Market awareness focused on Investors will see the end of these games...
You cant hold back market demand,,,,Ever..

Upside
PharmAust is now in confidential discussions with a leading global pharmaceutical company to co-develop and
commercialise MPL for the treatment of veterinary cancers. Dialogue with other potential partners is continuing.

Upside
New Marketing Manager..." A Marketing Manager" This has always been the companies Achilles Ankle.. Capatalising on Scientific Progress.

Questionable
PharmAust is expecting the remaining plasma assays to be presented in the NEXT Quarterly Report,, 3 months away.....

Downside
$1.9m in real money