Ann: Application for Register of Members, page-13

Hi SEMS, IMO! Sandon's involvement in CHZ has, in fact , benefited SHers forcing CHZ to increase the capital return from 2.75 cents to 3.53 cents. Had Sandon not been a SHer in CHZ CHZ would not have increased the offer.IMO the difference would probably have been gobbled up by the board. Sandon's involvement guaranteed the SHers an extra 0.73 cents. Not to be sneezed at when dealing with a company with a MC of only $7 million. Of course Sandon also benefit, IMO, that's equivalent to having them in your corner. DGR is a much harder nut to crack than a small residual CHZ. IMO any involvement by an outfit like Sandon is to our advantage, DGR is a real mish-mash, hopefully Sandon will be able to gain a significant foothold in DGR, if they can it will definitely be to our benefit, their gain is our gain too! IMO the current DGR hierarchy haven't really been on our side. BOLTA!