Ann: Conversion of Convertible Notes, page-48

More effort required - AZS short positions about average for its peers, not shocking, just average or slightly below, just like it was the last time I reviewed its peers on Shortman.

	Column 1	Column 2
1	Code	% Shorts
2	ARV	0.22
3	AUZ	0.02
4	AZS	0.48
5	CHN	0.73
6	DEG	1.46
7	GAL	0.11
8	MGV	0.01
9	MLX	2.01
10	PAN	0.05
11	SGQ	0.01
12	Mean	0.51

Still waiting to see your qualifications in Geophysics to justify your predictions of grade into areas that have not been drilled yet, and for you to retract your misleading statements about the "only 10cm thickness" in your past last week.