Ann: Fundraising Announcement , page-39

Sequen,

The point I was trying to make is that despite any and all numbers that you can come up with, the simple fact is that there are thousands of solar power systems sold in Australia every month, yet the Bluegens are left on the shelf by the consumer.

Similar in Europe, especially Germany where there has been a large take up of solar.

I tried to warn investors in CFU years ago that this would happen, yet all I got was the type of response you have just given.

Still trying to argue that Bluegen will do this or that after 5 years of miserable sales is not rational. Something is clearly wrong with the approach the company has taken, simply because it's not working.