Ann: Appendix 3B, page-68

I am not praising the management in anyway they have done a crap job and seem to have misled shareholders , I do however believe in their Tech and HOPE they can recover . There was a lot of hype around this stock early with the HSV2 vaccine and mainly due to the success of the Cervical cancer vaccine . I think at the heights the SP achieved was probably unjustified and was because of who was involved rather than results . A Bit like how Dick Smith electronics reached their rediculous SP If I loose my 20 k I have invested this time so be it . Like I said it’s a punt . Just like backing a horse . Managment have options to put this company back on track . They can sell or partner with some of their products which in hind sight they should have looked at 12 mths ago while they were in a better financial position . At the moment they are vulnerable to predators who think they can buy the IP very cheaply