Ann: Letter to Option Holders , page-10

Hi all,

The letter to option holders will be (in my opinion only) linked to potential upcoming consolidation in CEO stock.

When you have listed options out and require to re-comply with ch 1 and 2 as per a change of activities (consolidate - as potentially CEO has to) those options MUST be consolidated to a minimum price of $0.20.

The letter in my view is a courtesy to current option holders, making them aware of the current movement in price and giving them the opportunity to exercise prior to what will (in my opinion) be an imminent consolidation in the company. Therefore changing the term/s of those options.

I'll let you all speculate on the potential ratio.

cheers