Ann: $12m Placement Secured and $3m Priority Offer Underwritten, page-53

Understandable that people are disappointed with low price.  My opinion  is that share price will fall substantially, but not as low as 3c.  I think  4c is realistic.

Please do not take my comments too seriously, but I expect that the shares will rise again fairly quickly - with  5 cents being the most likely the stable position.

The real issue for shareholders is whether to participate in the placement and how much?  So even though the immediate consequence is a loss of value, any shares purchased through the placement will be great value.

I look forward to buying more shares.