Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-81

Just for you Starr, contents of the email I sent to Alex for their presentation, I bet none will be asked.

I am a long time shareholder of the company and would like some questions answered by the business.

The first is that for many years now the business has claimed to be industrialising the waste heat sector which is the reason I invested. In all the years I have been invested no product has been produced not even a prototype. Just raise after raise. Can the company give a definite timeline on when it will be entering the numerous waste heat markets it keeps claiming to be industrialising ?

The business has environmental approval for Saddle Hills but so far has failed to obtain financing for the project. Since the governments decision to remove the credits it is becoming more obvious that Saddle Hills is simply not commercially viable. Can the business inform its shareholders on the true status of Saddle Hills and whether they intend to shelve the project as they did with Klamath Hills ?

The primary patents ran out on the Kalina cycle some years ago now and given the number of years Kalina has gone without producing a product what value if any is there in any remaining patents that exist, as from what I can tell there is nothing stopping competitors from just copying it ?

Hopefully someone can hold this management to some form of account given the high levels of claims made year after year with absolutely zero material delivery of any kind, unless you count obtaining a government permit.