Ann: Appendix 3Y , page-5

I think there is only 4 Directors so only 1 to go.

You would think if they had total confidence in the market they wouldn't be converting and selling their shares. If CAP is going to be that good then you would think they could find the money somewhere to convert their well in the money options and keep.

As I mentioned before, this is starting to have a real smell about it.

We have been the suckers buying directors shares at the same time as supposed company making announcements are made.

Still holding but disillusionment setting in.