the good side, page-11

Veeone et al,

Not much on the good side today !

If the big seller at 0.5c is not LJCI then we may be seeing the first crack in the wall of otherwise committed shareholders.

If it is LJCI then they must be selling at a loss, although not that much in dollar terms.

LJCI still have around $(US)52 million available to convert and this will give them somewhere around 100 million shares at current exchange rates and vwap. (52,000,000/0.83/.006) if converted in the next 10, or so, trading days. (E&OE)

The "purchase price" would be slightly under 0.5c so not much by way of return if the market price remains at 0.5c.

I will make no mention of the effect on the sp of the final $(US) 250,000.00 still to be drawn down from the first CN.

The market capitalisation is now around $(A)5million, little more than lunch money for someone wanting control of INL's technology.

Cornerstone, Millstone or Tombstone ?

Best wishes,

TerryA