Ann: Appendix 4C - quarterly commentary, page-12

Agree that the soak up of shares will be on today with holders who have grown tired willing to drop them. I for one will be looking to sweep up any that are put on the bid if we see a decent dip. I would believe that Merchants and possibly another might have their eye on this too.

I have had quite a lot to do with Merchant over the years and have the utmost confidence in their game plan.

Keep in mind another major shareholder who recently purchased a large holding at .25 has not sold a single share.

Despite the less than ideal qtly, I think there is an awful lot going on behind the scences to generate shareholder value one way or another.

Keep in mind we are only talking a few $100k in revenue difference between failure and what would have been considered a 'success'. Problem was no growth qtr on qtr.

This has all been priced in already around these levels and Merchant will be on the charge now to suck up the cash pile.

Good luck all.

DYOR IMO