Ann: Appendix 4C - Quarterly Report & Brief Company Update, page-84

Given that mac equity partners are trying to raise 15 million on the back of this companies success I also have my doubts about the timing. I am in a position to sit and wait on this. I can afford for it to go to bankruptcy if this is a beat up. If you are not in this position you may want to cash out as/if it starts to turn or if the announcements begin to smell a bit. I'm actually trying to be a bit more positive. But the truth is the directors sold around the last negotiations of a company making agreement. Must be a great agreement eh. I hope we all realize that this is the same negotiations that directors sold a massive chunk of shares into at about $2.65. This is the same agreement. They have valued it for us. You'd have to be a bit thick to think it's going any higher for any length of time. I will keep holding because I've been in this nearly 20 years. I am no yardstick of common sense on this. Commonsense says sell at $2.65. Same price as the peolple that have the most knowledge about the contract did.