Ann: Appendix 3Y JOHN WELBORN, page-76

JW is now on the public record, via authorising that disclosure to disallowed last Monday, as saying the transaction was unauthorised.

Mr Frazier is on the public record now, via his comments to the Australian, as saying the transaction was authorised by JW.

“They were not sold without Mr Welborn’s permission,” Mr Frazer said. “The transaction was in line with Somers’ email and text instructions from Mr Welborn.”

Text instructions from Mr Welborn.

This text message needs to get brought right out into the open by ASX/ASIC and if it actually exists and reveals JW was selling shares and not disclosing the fact according to ASX listing rules and hence also providing a false disclosure last Monday, he needs to resign immediately in my opinion.

It's hard to imagine how both versions of events can be true.

I hope for all shareholders sakes JW's version of events is the true version.

Problem is this could all remain under a cloud forever because ASIC is a toothless tiger and the ASX is a boys club.

Eshmun