trading halt, page-5

Thanks DW2. At least you got a reply which is more than I did. Having said that the wording just echoes that of the response to the ASX.

The problem I have now is that it is very hard to take Peter seriously. On several counts he and the management team have not done what they said they were going to do and I am sure any serious investor would pick this up straight away.

I think that if I was one of the "sophisticated" investors considering propping up the company I would be insisting on taking control of the Board. Our project management skills have proven to the dreadful and the only way that we could fix this is and ensure our money was well spent would be to have control of the Board and bring in the necessary project management skills. In fairness to Peter the appointment of the CRO is probably his attempt at bringing in these skills but then the management team should not make predictions about commencement dates etc that are not on the project plan. What has been made abundantly clear is that we have had no project management plan for any of our programs.

I guess the bottom line here is do we "trust" that the current management team can get us though the current situation and I am rapidly losing my trust.