Ann: Appendix 3B - Part Conversion of Convertible Security, page-25

They the BOD first and foremost need to slash costs by 50% starting with the BOD except Marty,
2. Remove AL from any capital management role and CEO and especially Chairman.
3. If any capital raising cash payments have been made to any director they should be returned asap.
4. State that the $7.5m placement will not be done below 5c
5. The bonus option scheme should be dumped it's not necessary....reward for what dilution & equity destruction. More dilution again
6. Clean up CN quickly it's killing the SP and Share holder equity like black Wednesday fires

The board has to face facts their capital management and cost management has been appalling and lack consideration given it's a startup, zero revenue and unproven management. Set an example please.