20 - f is out, page-2

CJS,

This deal, well at least the conversion of loan to shares, went through the meeting in Dec 2010.

All detail was contained in
http://www.asx.com.au/asxpdf/20101103/pdf/31tnh5h7jtvpkw.pdf
page 13.

I did comment in a post (back late last year) about the "no interest" component.

I think these guys have been very fair to shareholders and want to see success (more so now that they have a couple of hundred grand more in shares) just as much as we do.

Many have commented on HC about the good efforts of Lee, and I don't want to take anything away from that, but some "Thanks" should also go to the O'Dwyers for putting in cash and sweat to make this thing stay afloat.

Having been to a couple of difficult meetings and read many posts here over the last few years, I think they have been unfairly vilified, when they were putting in money with no interest and getting the same terms on stock as the rest of us (but not as good as Dutchess et al).

Anyway, Terry, from me "Thanks mate" and "Keep up the good work and I hope to have a beer with you in 12 -24 months and look back on the 'dark times'". Let's hope it's champagne not beer.