The number isn’t $13m in wages the number is all inclusive of...

The number isn’t $13m in wages the number is all inclusive of all of the shares that have been issued to staff and advisors that have to be realised at some point in the balance sheet.

These are all shares the shareholders voted on previously. The issue that makes the number so high now is they had milestones to achieve to have them vest A LARGE NUMBER OF THESE WERE PRICE RELATED THAT REWARDED ALL SHAREHOLDERS NOT JUST THEM.

Also the problem is the accounting standards apply a value at a point in time when the entitlements vest , if it was today with the price decrease it would be lower. Share price movements after that point in time have no bearing on the valuation the party has achieved the deliverable to the company and the shares vest.

The important thing to focus on is the company has delivered an extraordinary outcome from 6 months ago so the triggers on these shares have been met. The people whom are responsible for the delivery are receiving the reward they were promised for the delivery. A number of these would no doubt be to lock these people in to work and stay at the company.

AGAIN THE NUMBER OF TOTAL SHARES ON ISSUE HAS NOT CHANGED FROM THE PREVIOUS ANNOUNCEMENTS THEY HAVE ONLY VESTED.