Ann: Appendix 3B-RAP.AX, page-21

Demonizing? As a shareholder, I prefer hard data and objective opinions rather than blind faith when I have $100,000's invested.

I look forward to your more comprehensive wrap up with specific reference regarding how many shares coming out of escrow are held by UQ versus other vendors and also what the UQ short and long term policies are with respect to capitalising on huge paper profits at a time when all Universities are under budget pressure. Cheers.