Ann: AEL's Increased 42 cent offer for Adelph, page-17

re: Ann: AEL's Increased 42 cent offer fo... maybe its a start



Dear Sir / Madam

Recently a Queensland bank was found to have acted inproperly when writing loans linked to the failed Storm Financial Group. Further, the Commonwealth Bank has acknowldged the wrong done and has attempted to make good by establishing a fund such providing some form of compensation to mum and dad investors who were clearly misrepresented.

I bring to your attention the misrepresentation by the Board of Directors at Adelphi Energy to the shareholders, which includes the mum and dad investors specific to their dealings with AWE. Evidence exists that shareholders have not been afforded strong leadership or decision making by the company directors that is either fair or reasonable and accordingly encourage ASIC to investigate their professional behaviour pursuant to this deal.