Ann: AGM - Chairman & CEO Addresses / Presentation, page-7

The market "forces" have worked the share price down to its pre-consolidation levels.

.011 cents.

The planned expansion into America was poorly thought through and this in conjunction with the internal financial structure being somewhat of a shambles in management and expenditure, forced the company to face reality.

It now appears to have cleaned up the internal mess, reduced wasteful expenditure, and refocused on the local market.

It is virtually going back to scratch with the business model.

All this nonsense should have been attended to before the consolidation. It was a poor decision period for the board, trying to create a perception about the company by creating a higher share price.

It now appears to be making headway, slowly, methodically.