Ann: Application for quotation of securities - XTC, page-17

Just to make you aware that Argentina is in crisis inflation is 100% plus and very political unrest. It is very difficult doing business in Argentina right now. The fact that the two had executives just put 4 million of their own money in this week putting it at risk we have to accept that there are circumstances beyond everyone’s control. In saying that they have mismanaged these fundraising When circumstances change, this company will come good