Ann: Appendix 3Y (Raphael Geminder), page-6

thanks guys, like I said yesterday, I got a hunch that someone tried to trap us down in a cage. This leads me to a suspicion that RG has manipulated some one to manipulate the share price. This some one got around 2 millions volume with them and this some one has tried to actively trading down, washing the price since at least it was 68 cents (my memory went back till all the ways since $1.40).

I read on CMC's head line a while (under a week ago), Citi recommended its delegates to sell Pact shares. But if my memory is correct, they are the representative for RG when it comes to Loscam acquisition a year or 2 ago. It is no surprise my top suspicion is they are the prime suspect with the downfall in sp.

What we got to look at, is when it was at 72 cents, suddenly massive sell wall is up and it dropped down to 68.5 cents sell wall, waiting to be collected by RG. Then, this is happening now too. But given, Citi Group has only 2, 321, 534 shares



They only worth 0.6%

They themselves could just fill the form to RG but obviously, they or (any fund), tried to wash down the price. If you are a genuine fund like Mutual Fund or any other funds, surely you don't play like this to wash to RG's account but directly transfer to him. This is my hunch, I am sorry if I am wrong, could be any other fund. It's just they advised on CMC to sell and their history is very related to RG, especially when it comes to Loscam. This raising me a concern other than any other fund. Morgan Stanley, JP Morgan and HSBC still there too. So, my apology to Citi Group if this is a wrong suspicion.

My other concern is that, someone whom accept the offer, due to holiday break, they saw the price is up, so they dumped it on the market, to grab the money and screw the acceptance. That's why you see, so much sell out recently. Could be left, could be right, who knows?

America market is opened, but it was down. but generally speaking, as Motley said, when ASX market is down, usually small cap stock like this climb. For me, I will hold till the end. But for whoever wanted to sell, please wait for it to go up and sell, because the sell wall is high

Until a better news from Pact coming out, then we assess it again. This is not an advice, but at least I can tell that, there is RG's buyer at 84 cent's till all the way to February, you won't lose more money, so have a bit patience. In the mean time. I will keep work hard, buy when I can and see through the discussion and volunteer to help when I can.