Ann: Appendix 4C - quarterly , page-6

Kiril

My reasoning (and it is not based on any calculations, etc, but just a gut feeling) is that MB is experienced in this area, and can see him doing the same with this company as he did with wizard home loans. I think his aggressive marketing style suits the business, and I think his deal with channel 9 could reap big rewards, despite the mess that nine is in at the moment.

I am concerned there may be another capital raising, but hoping that as cash flow improves this can be avoided.