Ann: Investor presentation USA, page-53

Generally when growth companies present to investor groups they really only have one thing in mind. A capital raise.

The present expansion plan in the US involves the investment of $20M over three years, not really a significant investment to quickly take up market share in the US.

The key A2M patent is expiring in May and it may be that now we are just starting to see competition arising in the US, that A2M have decided to accelerate growth.

There was some speculation that one of the reasons Perich tossed the toys out of cot and tried to block the last capital raise was because they didn’t agree that A2M should enter the US market. The compromise seems to have been a smaller capital raise and a slower growth plan.

Now that Perich are gone, perhaps a larger capital raise is on the cards.

The only prob for existing shareholders is that the last two A2M capital raisings have pretty much excluded existing shareholders from participating aside from a token offering.

So expect some dilution folks if it does occur.

All speculation, but a plausible possibility, any takeover possibility is out of the question at the present share price in my opinion.