Ann: Appendix 4C - quarterly , page-7

Hi Captain, I can see you are annoyed about the goings on of this company and it appears that you have some pretty useful information regarding the status of Walkamin and the Chinese manufacturer. What you are saying, if its true, is very serious as it is clear that the board has been misleading shareholders.

Is it PPY that is incompetent or the board? I can't believe it would be the management team or PPY's subcontactors as I do know some of these people and I definitely would not say that any of them were incompetent. I do know that some of the employees appeared to be smarter than their MD when it came to practicalities so the companies future developments should be in safe hands. Do you know Captain, if these guys are still in the business?