Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-127

I'm out at open today. Apologies for my overly optimistic commentary leading up to the quarterly. For me this quarterly was going to be the most important in the history of the company and really indicate the direction Kaddy was heading. Unfortunately, this combined with the CN issue raised too many red flags for me. The June quarter should have shown decent growth and the tone of the report was negative with a few concerning developments regarding the Kaddy market platform. Who is Richard Smith and Triton Growth? They have just taken 25% of the company and I can't find any information. Tough loss to take and I hope they turn it around this quarter for Investors. Fortunately, there are always other opportunities and with the current market there are quite a few and more will present during the next leg down.