Ann: Open Letter to All Shareholders , page-17

I would like to add my 2 bobs worth in response to today's letter to shareholders. Sure one of the reasons behind the investor group came into existence was to look for ulternative funding arrangements besides issuing Con Notes that are basically risk free with very attractive terms.
However many, including myself, saw the need for a change in company direction after many years of failure. What about the 80 million spent over the last decade or so and what that has achieved financially for the company that has basicaaly all writen now? Mangement have a solid history of failing shareholder expections, including failing to meet stated projections in oil and gas production.

The time for change has come :)

I think the proposal to bring in the two new directors would compliment the existing magement team and Steve graves should have recognized this and not made it into the stink fight he has with today's letter.