Ann: Appendix 3B New Issue Announcement , page-42

very informative thread

- I am a long time holder of SSN/SSNO heavily loaded in SSNO purchasing SSN with the intention of selling a few to pay for my SSNO conversion

Personally for me there is no point in converting SSNO in the near future with such a long time to expiry as I am confident that the price of SSN will continue to increase and it is more profitable for me to wait for example

For simplicity sake lets assume I have 100,000 SSN now valued at 0.15 = $15,000 and 1,000,000 SSNO to convert

3 senarios:

1. Convert now - I would have to sell all of my SSN to do so.

2. Convert when SSN is 0.50 - I will need to sell only 30,000 shares to fund my conversion so I am better off by 70,000 shares

3. or I could convert when SSN is $1 as per TB forcast ( hopefully prior to 12/12 expiry) - I will need to sell only 15,000 shares to fund my conversion

With the way things are going for SSN I feel very comfortable that 50c for SSN is very achievable in the next few months and plan to convert then.

SSN for me has already been life changing as is has been for many others. When I invested in it there were a few goals I wanted to achieve such as been debt free, having the ability to generate a steady income if needed etc - these goals have been achieved and much faster than I could have predicted.

I am mindful that this is the stock market and the eye has to be on the ball at all times. But, with all the ducks lining up I cannot see any reason why Terrys "you ain't seen anything yet" will not be played out. I am more than happy to back this man and his vision for SSN.