Ann: Change of Director's Interest Notice x 2, page-72

This micro cap over the years has been belted from pillar to post by a passing parade of incompetent individuals bringing nothing but a desire to take.

Promoting a concept and surrounding it with stories to get access to cash in the form of free shares, management fees, consultant fees, travel and salaries etc.

At some point irrespective of the company name - this organisation needs a researched marketeable product along with.a company culture of integrity, transparency, manageement skills and vision.

In a nutshell a leader. Someone with commercial skills, the ability to confront the hangers on and call them out, the ability to do deals with commercial clout, the capacity to attract the right people to the management team, the ability to confront a dysfunctional Board and confront poor decision making

Wangle is currently a basket case for a public company. The share price cannot go any lower. The investment public has stated that the management and product mix is a shambles.

The question now goes back to the Board and management. Is this just another revolving group of individuals looking after their wallets with scant financial commitment and being paid on the way through to the next recycling of this company?

I see no reason for the current recycling to change at this point. None of the Board or management have anything of consequence on the line.

It’s just a company that continues to change the business model to survive. Well they are once again reaching the end of the line. When this cash runs out the investment public will treat any further recycling as a sham. Now 4 attempts of people walking in and out of the door taking what they can on the way through.

Sean Smith as an opportunity to make a serious name for himself. The measurement of his success will not be whether he a “nice guy” but whether he can demonstrate COMMERCIAL leadership skills to develop this company and create shareholder value.

To this point as a shareholder I see limited evidence to suggest any change in the connercial fortunes of this company.

IMO the cycle will continue.