Ann: Coretrack To Sue For Unlawful IP Licence Ter, page-57

re: Ann: Coretrack To Sue For Unlawful IP Lic... Hi De bono,

I think you and i should talk.

I no longer believe it is in the interest of the shareholders to have WS involved with this copmpany in anyway.

Globe drill was closed for business until Coretrack injected a huge amount of 'our' capital and re opened the factory gates and then gave in to the most absurd IP agreement in history, at a time when the yummy opies were all in the money ( trading at 30 odd cents)...bang the incumbent board does a rights issue 2 weeks at 23 cents before the exercise date of the opies...thereby allowing an underwriter in to take up the slack..when there was no need..the rest is history.

I doubt the rig we have even performs as it should and personnally I have no faith in it as an invention to revolutionise the industry i.e make exploration of geothermal soursces cheaper....if 2k per metre is the price for this GT2200 ( note the model number) it is not competitive let alone proven.

One thing you can say for Bill and Damian ( CLRS inventors) is that they havent slaughtered the stock for their owns purposes!!They still hold all their shares I suspect.

We need to get in as much cash as poss, reconsolidate the biz philiosophy with a new board and bernie at the helm and just move on..Get as much as poss for the rig at the time as defending the legal claim.ideally ask for all WS shares back as well as cash invested ..ha fat chance.

I do not believe that WS was not inlcuded in the development of this rig bu tthats just an opinion!!

I also do not think he has any interest whatsoever in other shareholders making good!!

If we have a new exprienced Geothermal board in place with Bernie at the helm we can have a winner in the geothermal space faster than everybody thinks..there are loads of drills which really do work and we have holes galore to drill and would partner with the right team on Coretrack and a 'real' working rig...not a dream rig..or is it a nightmare rig?

So lets get real and start supporting the ceo , who incidently should be on the board and get rid of one board costs asap....and move into geothermal exploration now..we have the deals Ckk ahs the capital raising sturture provided the shareholders stop being dewey eyed about this bloody mightmare of an invention.

have a good weekend.I certainly will, big Geothermal meeting this afternoon all very exciting!!!