Ann: Annual Report to shareholders and Preliminary Final Report, page-19

Some of you guys make me laugh. You're happy to question management etc in other threads, but you can't cop it if someone else does (do some of you own the rights to questioning management???)!!

I have been very supportive of the CL8 concept - and having tried to start ups myself I have some idea of time and difficulty. However a CEO earning $220K plus super PLUS - read this PLUS BONUSES, read it again BONUSES for the last 2 years on TO of $920K - this doesn't reek positive vibes. I'm sorry but that's the facts. The share price was 4.2 cents in may and as I post it is 2.9c. When I posted post the announcement it was 3.2c.

Let me say again, the concept is great but my money remains stagnant here - and after reading another's insight into CN I have been given reason to doubt him. But gees you all take it so personally.

Said it last post, will say it again - GOOD LUCK to everyone and who knows, I'll probably buy back in - maybe at 2.3c maybe at 10c.

But when the CEO now only holds 1.6m shares at today's price equals $40K!!! He's not gambling anything yet he's earning plenty, the gamble on start ups usually goes the other way - he's put some decent coin in and is saving pennies to get this thing across the line, just not in this case.

Either way don't be so precious and again - GOOD LUCK, hope it goes well.