Ann: Annual Report to shareholders, page-18

Nobilitas PTE Limited appears to be a Singaporean company I cannot see any reference that links it to Nic C. My reading of it was that NC has probably sold shares? I cannot understand why the reasons for his departure has changed ...

Can anyone substantiate that this company has anything to do with NC?

I dont care if he has sold but would like to be able to substantiate that and get a consistent response.

As regards the BS that is put out about the change of direction of the company - my personal opinion is that there is nothing to support any of those comments. The previous strategy was not delivered by results so I leave it to your own reflection as to how successful it would have been to continue it.

Really looking at the top 20 the concept that its institutions that are playing with it is not supported by the evidence - This company seems to be owned by largely retail holders which is reflected by the increasing number of shareholders and then the lower holding of the top 20. Really this push that this stock is being manipulated by institutional buying is really not supported by any evidence in fact the average holding in the top 20 has dropped...

Of concern is that Brookings has sold just under 400,000 shares ... Hardly a vote of support - with the caveat that there are many more reasons to sell than just no longer seeing them a good investment.

Really I can only reiterate - I want a new chairperson ...

All of the above is my own opinion...