Ann: Appendix 3B , page-5

Hi pesa

Your post appeared to summarise some serious concerns about the current funding developments. You wrapped up with:

. I doubt this is the intention of the management, and one would hope nor the new noteholder, but it leaves the situation wide open.

. And they dispensed with an offer of 1mil at .005?

. And they expect to do a cap raising for $6mil from current share holders?

. What are they thinking? It brings one close to despair!

After all we have been through, I reckon your points deserve some serious answers from nothing less than management. If left unanswered, then there is a very real risk that the confidence of all-suffering shareholders will be lost. And at this late stage, that could be curtains? I for one have always taken the optimistic path - but some informed advice and/or a seriously 'meaningful' explanatory announcement would be very useful right now - well before any attempt to expect us to collectively bend over yet again for another $6 mil?