Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-44

There has never been more scrutiny on AKP by the asx than in the past 3 months or so. With Fred being particularly specific (by his standards) with regards up coming milestones…3 Fabs pumping out wafers, receipt of said wafers in August, mention of general meeting early October and possible cap raise tied into demonstration of gen 2 chips. Don’t think he would say these things at this point in time without some degree of confidence..As always, Fred has the most to lose, our holdings would be a pittance to what he’s contributed. Hope he’s rewarded and if he is i’ll raise a short black to short black.