Ann: Appendix 3B , page-2

.............and right on cue just as we see the first bullish signs the bank decides it prefers to own shares rather than FSE's debt. No doubt they will flip their newly acquired shares back onto the market to make their instant fast buck.

Oh well - according to my reckoning they can only do this for another A$3.6ml of debt (creating approx. 160ml new shares onto the register/diluting my holding to about 0.95 X its previous amount) - before they have to wait till the SP is around 0.04cents to be in the money.

WOuldn't it awesome if just one of the major stakeholders in this company wasn't driven by short-term gains and had just a single speck of corporate vision/imagination.

I think I am going to become a socialist!!

Come back Julius - lets NATIONALISE!!