Ann: Notice of General Meeting/Proxy Form, page-8

Mr. M Fotios is a goodoperator no doubt....but to spend 50000$ for his allotment of shares out of the 100 million is a joke when he is GIVEN 5,000,000 shares for free....AND...he gets 7 1/2 million options exerciseable at 8 cts. . He probably bought heaps of shares already when they were $.003

noses to the trough.

so in reality he gets 50000$ worth of shares = 50000 / .05 = 1 million plus 5 million for free. = 6 million shares for $50, 000 =
$0.008

.