Ann: Notice of Annual General Meeting/Proxy Form, page-9

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

“That, subject to the passing of the Essential Resolutions,for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 333,333 Shares(on a post-Consolidation basis) to Meir Moalem(or his nominee) on the terms and conditions set out in the Explanatory Statement.”

You have got to be !#$%ing me. Let his shareholding get wiped out like the rest of us. Time to take some responsibility. Plus I bet he's in on the issue of shares to creditors, too.