2 cent thread., page-14

Unfortunately Action not News is required for this SP to run. Currently paying the price for previous failures. Some like to point the finger at the Cons Note holder but imo if there was a positive sentiment in the broader market this volume would be readily consumed. Remember with our dilution every pip is effectively $2M to the MC and can’t be justified until the following occurs imo;

1. Acknowledgement/Marketing of istream by IndoSat. A search of Istream on IndoSat website still returns zero search results. Nothing from IndoSat about the partnership. This is disappointing but will hopefully change soon.

2. An update on PGAS project following successful delivery of back end.

3. Clarity around any required CR activities. Continued dilution is a concern.

4. Most importantly demonstrated recurrent revenues in the bank to show the company can be a going concern.

Until the above happens, unfortunately it would seem only the true believers are buying in at the moment. Sit tight as l believe most of the above will be resolved within the next 3-4 months imo.