Ann: Operational Update, page-20

Hey Bungy,

I'm glad you are happy. I know I would have been happier had the company told us the status of the $20m Grant we applied for back in March, with a 6 week assessment tiemframe. Surely, if that was progressing, the Grant alone being higher than the entire company MC, then that would go a long way to pleasing the Saudi's (if they are still around as no mention of the MOU's in the announcement).

I don't mean to be critical, but you are very easily pleased if that is the case. Don't worry about people on HC complaining, worry more about people (your company managment being paid $100k's in wages and even more in bonus shares etc) being honest and transparent.

This announcement is extremely disturbing.