Ann: Consolidated Financial Statements Y/E 30 Jun, page-3

re: Ann: Consolidated Financial Statements Y/... Top 20 shareholders have 37.43% of the company, so let’s crudely estimate that the top 40 shareholders hold over 50% of the company (yes, crude, I know).

Whichever way you look at it, I reckon that is a pretty tight register. Plus ERM have taken a pretty chunky bite out of the placement to upgrade their position, that is a good vote of confidence.

I’m comfortable.

I also can’t understand how you can be selling at $0.20 right now… So people were holding at $0.285 when they were getting pretty cash skinny but are now selling at $0.20 - $0.22 when they’re saddled up and good to go? Beyond my reasoning (and I’m not going to buy the “management are incompetent” argument if that is what you were gearing up to give me).