Ann: Appendix 4C & Quarterly Activities Report - Sep-23 Qtr, page-65

"Proof will be in the share packages they vote themselves. BTW - they can now load up on these cheap shares"

Point 1 - All share packages for Directors must be voted on by shareholders. Notice of meeting is out and no share packages for the Directors - Have to wait another 12 months or hold an EGM.

Point 2 - They can't load up on them now. As Rick mentioned on the call and you can see in the IPD share trading policy they are currently in a blackout until the day after the AGM. So another month until they can buy in market.

Not everything is a conspiracy. Markets haven't helped. Almost all of this type of stock is down. But you're right the uncertainty certainly hasn't helped. But the latest move is all about the results. As Frosty pointed out, sales were below expectations and cash burn is way too high. As you mentioned cash available is one of the driving forces. Are you blaming the cash burn on the incoming Directors? During the spill, Management has stated they want to take cash burn from $23-$25 to between $35 - $40m. Seems like it is the new Board that shut the gates as acclivity pointed out.