Ann: Appendix 3Y S Nicholls, page-46

I was quietly hoping we'd finish the calendar year at 50 cents, but unfortunately I think there will be some selling next week as the lemmings hit the sell button simply because Stuart, for whatever reason, decided to cash in $1m of his holding.

I do question how he justifies this sale on tax obligations, when he did exactly the same just a couple of months ago. If the last one was to fund tax obligations, I don't really accept that this one can be also. If on the other hand he's simply cashing in his FREE shares to fund a lifestyle, then good on him, he's lucky to receive such perks, and can't be blamed for enjoying it.

However, I do hope for all of our sake, that the time of this sale results in him missing out on plenty of short-term upside. If it turns out that something does eventuate over the coming months which puts downward pressure on the share price, then I'll certainly be letting him know what I think.