Ann: Appendix 4D and Half Year Report, page-14

Afternoon Pharma. You could have a point about the "bottom" and "old sediment" but I've probably got your context wrong. Even so, if you are talking about the SP - we are now at .095c...or, more strikingly, at .0048c pre-consolidation. Do you think it is time for another reverse split?

As for Lyramid - and the "divestment" of it....I must honestly say I get a feeling of suspicion whenever I contemplate it. I'd be lying if I said there was no smell surrounding it. Just doesn't feel right to me for some reason but I'm sure the passage of time will sort that one out.

(PS - Thought we were into an early Winter down here early this morning as I hit off the 1st tee...Brrrrrrr!!)