Ann: Preliminary Final Report, page-5

Few things，

1. If new shares are issued on a condition that milestones are achieved， It indicates company is moving towards the right direction by achieving milestones.

2. New shares issued to the vendor does not mean they will dump it on market. These people has a track record of holding their stock tightly. Upon asx merger no existing shareholder did sell. All of them are staying aboard, except for one that cannot invest in companies listed on the Australian stock exchange. They are sticking with emc, because they believe in the company's ability.

3. Upon merger，original Emefcy shareholders hold 65 million shares in the merged company with a value of 13 million Australian dollars, less than the amount invested in the company to date. From this point of view，new shares issue to vendor is justifiable. In fact I would like to thank management for achiving milestones and earning it.

4. Panicked sellers that has sold out on .195 or .200 will do everything to downramp this stock. They probably thought to buy back lower only to see emc is actually moving to the other direction. Get ready for more downramp posts
To all those that have sold out， good luck to your re-entry