Ann: Appendix 4C - quarterly, page-17

The reality is that if the status quo remains it'll be a sub 10c stock in 12 months' time. They've had their chance. Spent over $30 million and have little to show for it. It's almost comical reading their quarterlies with the same nonsense quarter after quarter.

I'm going to put a token 10-12c buy order in on the chance that it tanks hard on Monday. There will be people now who want out regardless of price. It's almost a sure thing that Merchant will submit another board spill shortly. Their fund has to frequently report to their holders on all of their holdings and with over 10% of their funds tied up in 1PG (they can now only sell in a short window after a financial result), they wont be sitting mute for long.