Ann: Appendix 3B , page-11

We all took a big risk gambling on the representations of management in the absence of any supportive evidence.

The market is full of these small speculative companies with Director's at times making reckless representations and hoping like all Hell they can pull it off.

At least 70 percent of the Aussie market is a gambling casino. Businesses running at losses year in year out. Raising capital and diluting shareholders year in year out. Director's saying next year will be better year in year out. Shareholders wanting to believe it, needing to believe it. The typical plight of a typical intermoco shareholder.

We may not have much cash left but nobody's pulling the pin just yet. Maybe they will pull a rabbit out of a hat with cash jammed down it's throat.

The new CEO on his performance based salary....is he God ? Or is he a multi millionare doing this for the challenge ?


It's our fault for blind faith, hope or whatever else you call it.