Ann: Results of Meeting, page-38

I’m out folks. I don’t trust management. The SP decline speaks for itself. The macro environment is terrible. The EOFY is coming up and lots of people will be looking to book capital losses to offset any booked capital gains and PPK is the perfect one click button option to book those losses now. On top of that the many super funds holding will be forced sellers before the Im specie distribution. They also won’t likely be buyers afterward because we will be out of the asx300 limitsay impose by then. The path to commercialisation is totally ignored by management and appears to be a very long way off. The way PPKMG was harvested off in a way very unfriendly to share holders.

I booked over 70% loss and cost me $40,000. Luckily I sold out of a lot of winners a few months back and can use this to offset my gains before tax time. But it still stings a lot.

all the best to holders that have faith. I’ve lost mine and am tempted to call all sorts of things but don’t want to libel myself.