Ann: Appendix 3B , page-28

Hi Newland

If I was to give a one word answer to your question it would be NO. I suppose I should have worded that claim better with words like accept some responsibility for making bad decisions.

If management fail to acquire a cash injection it does look grim. I've been informed by respected sources who have more than a passing interest in Intermoco that one more wad of cash and we will make it. If under those circumstances management fail to secure funding and we are gone after being so close it would be a very sad indictment on management's credentials.

They say fear and greed are the 2 strongest emotions in the market. I reckon HOPE is a pretty respectable 3rd.