Ann: Investor Presentation , page-23

Hi blurat and SOB, I'm guilty of getting caught up in all the negative sentiment and to some extent panicking, and not insubstantially contributing to the "vibe" myself.

I got so close to selling the other day I posted a chart on another forum and asked for any input before I pushed the sell button. A friend who is not an NMS holder and so relatively unbiased told me he wouldn't sell if he was holding based on the chart unless support at 20c was broken. I decided to hold off, and as a result I may have finally made a correct decision with respect to my NMS holdings. I think that this is the one company that I have virtually never made a correct trading decision on!

I do think it interesting that euroz was involved in the last cap raising, and additionally the other info that has been brought forward here. The preso to the investment community came 3 months before the cap raising the last time, so it may be a case of getting a decent extention from the bank to allow for some hopefully positive gains in the sp before announcing a cap raising. obviously the higher the sp the better it is for us existing holders from a dilution point of view (assuming it isn't a rights issue).

I do still feel that NMS management needs to be taken seriously to task over their expansion strategy though... classic example of a company growing too big too fast.

Tony.