Ann: Quarterly Activity Report and Appendix 4C, page-80

I wouldn't be surprised if shareholders actually see MOU2 from the initial prospectus and hype finally eventuate, albeit 3 years after initially planned.

I don't see a deal of any significance being signed up at the end of this month unfortunately. An MOU may hopefully allow the Company to raise and some holders to get out.

If a deal of any significance was being signed there would be more volume than the current no trading happening. I don't believe IAM is the tightest lipped company either. There are only 19 days to go and a deal of any size would be discussed throughout CBA and spread in a manner that there would be atleast someone buying on the knowledge.