Ann: Appendix 4E and Statutory Accounts, page-8

Re Nextellis: They employed 75 sales representatives
min March last year to train them up for US launch
in July. The expected costs was $75 million. Company
was going to be profit positive in first year of trading.
This has been a disaster. They should lay 95% of those
off. If the product is superior to others it will self
generate through HCPs and word of mouth results.
It doesn’t matter how these reps. Sell and spruik
should it not satisfy consumer they will drop it. It’s not
like they’re signing up 5 year contracts. It is all hopefull
wiishing. Mithra is down 70% this year due to failure
of Nextellis in USA. With Richards gone company
probably $100 million per year in front. Double that
if we go on last 5 years. I am so frustrated today
I’m going to a bar somewhere. I wish all shareholders
a good day and prosperous year ahead with MP.