Ann: Appendix 4C - quarterly, page-9

Sorry for the late reply, @pilsner

Din't know you were still holding.

As you know, I was mainly holding due to some of the players on the register and the potential for a change in biz direction. The last several years have really just been a company, loitering around +ocf but ultimately not really growing revenue. It looks as though they really want to step things up and may have the capital interest to do that, so good luck to them forming those networks and distribution channels. I guess you either back mgmt in or you don't. It would be good if they could make some further progress with some of the larger potential clients, like Wells. The register is really tight here, so it's likely to remain quite illiquid, unless a major wants to exit. Even the proposed placement is going to what you would expect to be very sticky hands.

Not for me at this stage but good luck.