Ann: Final Share Placement and Share Issues, page-23

I am in the process of gathering facts and will be sending an email to all shareholders registered in our group in the next few days. A number of our top 20 shareholders are extremely concerned about how the last 18 mths have played out! To put it bluntly we are not happy about one of our fellow investors buying our stock heavily and pushing the price up, not advising the ASX that they were a substantial shareholder and then appearing to sell their investment down. There are a number of questions being asked as to why they would buy up and then sell out at a loss? Personally I believe that this has caused a lot of harm to our fellow shareholders and to our company.