Ann: Disclosure of Long Equity Derivative Positions, page-26

Appreciate your efforts here and clearing some matters up for shareholders. From your observations and analysis I for one am not affording CEO Dr Paul Mastoridis any margin of error or benefit of the doubt. If he's stating he can deliver, then that's what he must do. If not, he can step down at the end of this year and resign. The CEO is from New Jersey same place where the The Sopranos was filmed. How can the CEO not know about the concepts of market manipulation and brush off your other concerns? His salary is also a disgusting joke and an affront to all shareholders. Out of the total raised, 6% will go entirely just to pay his salary for 12months. All of us have to be on the neck of ADR's board and ensure that objectives, timelines and sales targets are met. As shareholders we want to see a constant flow of positive announcements over the next 3 months. I'm still of the belief that ASIC should be knocking on the door of Regal, the ASX and ADR.