Ann: Notice of Annual General Meeting/Proxy Form, page-2

The consolidation plan as it stands looks to be a massive negative for
AFT. Shareholders who still take an interest in Co. should be very concerned.

The explanatory note gives the reason as creating "liquidity " due to
stock being stuck on 0.001c.The problem is not only liquidity but the fact
that management has not been able to attract any serious investment
at ASX level over many years that has inherent ability to increase share price.

Now shareholders are confronted with the bizzare situation that post
a 400 to 1 consol...the share price "on paper" should equate to..can you
believe it...40c.. The only liquidity will be on downside.. with market
maybe cutting existing investment value by shareholders by at least 50% or more.

This was something management was dead against a few years ago due
to risk of further undermining value of company..to put it another way
it would be similar to market suggesting stock value on current basis at say between
0.0001-0.0005c....with existing ongoing nil ASX investor interest in place

The reason given for this consolidation offers no real hope any time soon
of a change in operational style at management level...and it seems
pointless given the ongoing year in year out lack of reason to invest in
the Company..which has long been ignored by ASX investors.. even at
the most basic transaction level

Cheers