Ann: ASX Letter to XPD, page-16

Australian companies on ASX. Good boards, good corporate governance, but its really just a sh!t company, never had revenue, shows no likelihood of revenue, no way should have been listed, goes to zero then reborn into a tech stock, then a mining stock and back and forth. Consolidations and raisings for ever until the eventual demise

Chinese companies on ASX. Poor boards, zero corporate governance, but its actually a good company, with revenue, and profit and cash. But because of incompetence and corruption and indifference, arrogance etc, no way should have been listed. Appears will all go to zero before the inevitable lawyers and class actions....which will probably go nowhere

We are in new territory on this one and XPD will unquestionably be closely watched by everyone with an interest in them

For us, hopefully this will be a rocket for them to get their **** together