Ann: Appendix 4C - quarterly, page-45

Well, it is not too often you see the Vendors/Company achieving the business plan, let alone in the Time Frames set. So for me it is very pleasing to see all the Performance Shares crystallised. The Vendors could have asked for a lot more as each new revenue stream came into play. They would have got these too as they have always had the numbers.

What is outstanding, firstly there is no debt here to be needled with and secondly the fact that revenue guidance cannot be given. That is consistently blowing out.

The temporary increase in costs has been flagged for quite a while too and another quarter is expected of the same.

I think the only thing that may be preventing lift off is the Performance Share portion to be sold off to meet the tax obligations if that is true; it is unfortunate for the Vendors. I am sure that they will want to be holding the lot as overall, everything here is exceeding expectations sensationally.