watch out below

Dear Ouisa,

Have just received my SPP letter in the mail. I have been a longtime and patient shareholder. I always hoped management and operational procedures were being conducted more professionally than appeared to us 'smaller shareholders'.

However, with the standard of this most recent communication I have finally accepted how amateur they are. It is a crying, if not criminal shame with such high potential technology AND in a high growth sector, I believe.

I am not quite sure about your conjecture re the issue of shares to the company's credit provider and these shares being unloaded on the market. I ask you, who would buy them?

Do you think our only hope now is for someone with both the capital,vision, expertise and the integrity to pick up the company in a firesale situation and begin to progress as it should?

Down, but not quite out!

Rgds,
Lilac