Ann: Appendix 4C - quarterly, page-108

Realy Ice I see the plan I propose as the only logical way forward with AHZ . Another CR is doom to fail due to all the negativity and AHZ . For now it's a waiting game . I would not be concerned if I was you if Wayne gets a deal like this across the line , your investment will be rewarded. What I see as the biggest failure of the current management was trying to market the ADAPT themselves , AHZ is to small to market this on the world stage , A major supplier in the US would probably have achieved sales 3 or 4 times what AHZ have achieved in the last 12 mths and at no expense to AHZ . To put it bluntly this company needed to learn to crawl before it tried to walk . AHZ management had to many projects all of which ultimately would make money but unfortunately not enough funds to bring them to market . If the ADAPT had been up 3 yrs ago they would have attracted a large institutional investor which would have bought much needed credibility to the company