Ann: Appendix 4C and Quarterly Update, page-407

Holders, time to stop sugar coating this...
We have two good businesses, DWX & C10 that have potential to be company makers in their own rights.

We have a 25% holding in TSI- as per last valuation, worth $40m- our share $10,000,000

We now have ~$1.5m cash in the bank.

Trading at a MC Of $24million. One sell away from a MC of $21million..

So what is wrong?

IMO management have not given two hoots about its holders, management continually withhold possible information in which could potentially excite the market.

Why?

Who knows?

Is it because jeff has $500k worth of con note which is due to expire in his name next month. 1.1c exercise with a interest rate of 10% PA??

Is it in his best interest to have the price under his strike price of 1.1c therefor taking his free 10%PA?

Honestly, why the no care for long term supportive holders?