Ann: Appendix 4E & Annual Report, page-22

As suspected we lost a couple of hundred <5000 share holders between June 31st and Aug 25th. Pre/post strategic update.

I mentioned a few weeks ago that we churned around 4% of the total SOI in 4 weeks which dropped us 48%

Longs & larger holders continue to accumulate, as the number of shareholders in this bracket doesn’t appear to be increasing, meaning smaller holders aren’t moving up they are getting out, and larger holders are “Trying” to pick up the slack.

Of course when you all ready have a holding, you don’t need to rush averaging down. Panicked sellers are trying to retain capital and can cause havoc to a share price in low volume when there no demand.

Sound like a broken record, but this spring coil has been getting tighter & tighter & once sentiment & confidence has been restored via a catalyst and some clear direction from management, I believe it’s going to be a quick climb back north of the SPP price of $3. Once we break previous mental ceiling then we can breath & get back on track

Unfortunately the declines off small volume, seem to set a base that’s hard to climb out off without momentum or news. Maybe the extra bit of supply makes it easier for people to play with? No expert on manipulation, algorithms/trading etc but trying a least a dozen buys earlier this week it was clear I wasn’t in control, the only way to beat the system is buy & hold long.