Ann: Board Committee Update, page-97

Unfortunately when these things hit companies retail is always the first to fold...an many bought in when it was being pumped an thats a fact that no one can deny...the onething I keep reminding myself of is that regardless of the current environment with regard to markets and Lithium there will always be a turning point and from that point it surely could not get any worse unless we have a massive recession that wipes out a lot of stocks like the GFC did...if this happens then imho we would go straight into C&M with well over 200million in the bank and another credit line set for 190mil if required that would hold us in a great position for a start up company as compared to everyone else...but at the moment the word is inflation is slowing and as it does and the powers that be are happy ever after for ripping everybody off that they themselves created through to many easy stimulus packages an handing out money like it was water, then once they are satisfied they have things under control again the Markets will then respond in a Positive Manner and turn the corner the CYCLE.

With the COH and LOC available at least we are in a strong position to weather the storm...an whilst we are in the dungeons at the minute its a perfect opportunity to sweep out the "SESAME STREET GANG" and get experienced and well credentialed executives into the fold something that should already be happening in the background...as it stands there is a huge No Confidence Vote against these muppets and the sooner it happens IMHO the better off the company will be.