Ann: Appendix 3B Coversion of Con. Notes, page-3

Lucky bastard - got 14.7 million shares for $78 grand, roughly 0.005c per share. Probably CN holder has already been able to dump these given the announcements of the last few days. Announcement also saying they still have access to some 49 million shares. With revenue coming suspect the CN will be nowhere near as destructive, if destructive at all and I am saying not much to worry about with the 14 million shares just issued as if sold already market has absorbed them, as what happened to XPE. CN holder pretty happy here I say, as would be SH given access to capital hasn't destructed the SP given latest announcements by TV2.