Ann: SHARE PURCHASE PLAN , page-12

Hoyland, you can make every excuse for BLT you like, but Management should have taken account of a possible delay from the RAC before deciding on the date for shareholder participation in the SPP. Who in their right mind would bother with this issue unresolved? On the 12th June, they said the RAC recommendations were expected in a few days. BLT were supposed to have the HCV candidate in clinical trials in 2006. BLT/Tacere between them have had more than 7 years to make this happen. I think long suffering shareholders have had just about all they can take. Who can possibly blame those that are selling out due to lack of confidence. I'm sick to death of overambitious announcements driving down the share price when timelines blow out.

I'm saving up some rotten eggs in preparation for the the AGM. I'm sick of being the one with egg on my face.