Ann: Annual Report to shareholders , page-2

Dear Shareholders,

We are currently walking around in circles wondering what to do. In the meantime we will keep encumbering the copnay with further expense and debt. Whilst most would regard it as inaction we will regard it as 'assessment and evaluation"

Yours Sincerely

The Chairman

This annual report is a joke....and absolute joke. not one mention of any of the things that they may be considering or any of the actions that have been undertaken.

this is a money wasters paradise.

Adam and Nabarro get your nose out of the trough and do something !

NW