Ann: Appendix 3B - Part Conversion of Convertible Security, page-32

Lol.. this coy.. close to one of the worst management on the ASX.. Writing was on the wall when the only one (Stefenac) with real corporate experience left.. Consolidation will allow them to redilute the sharebase with future Credit Raisings.. How many more businesses are they going to buy as diversionary tactics to their core business.. Clearly no confidence in the market for current leadership and excessive remuneration for such a fledgeling enterprise... seen many more private tech startups with owners living on a fraction of what these guys gauge but generating significantly more income because they funnel the money back into the business and not into their own pockets.. they haven't made it yet, why are they living large like they have.. I once believed the tech had great opportunity, but without the right leadership in the business its going to be a slim chance at best.. Whether Shareholders will actually benefit from it is a whole other proposition which i think is even slimmer... Good luck to all holders.. AIMO!