Ann: Appendix 3B, page-3

Well, we might make the money from conversions, but probably not conversations.

Another cleansing notice for telling us the shares had been converted after the conversion, so the converters could dump the stock on market before we new about it. This is very poor form from the company. When the the stock is issued, put out the notice straight away.

There are another 10,750,000 of these to go, then 50m that need shareholder approval from memory. I'm inclined to vote against the issuing of the others because of the behavior of the converters AND the company in assisting them sell them by not bringing it to the markets attention when it happens.
There are too many cleansing statements for this to be accidental. They are treating existing shareholders like milking machines and laughing all the way to the bank.
For friends and relatives of the Chairman like these, I hope he doesn't have any enemies!!

A good announcement but the price went down because the amount of selling is overpowering the buyers.