Ann: Quarterly Activity Report and Appendix 4C, page-9

Agree WSJ sorry nothing against WA but the main Australian market is in the Eastern Seaboard .They have done no deals with

* Any Real estate Franchisor
* Bank
* credit union
* real estate agency
* they have no presence in the East
* They say the board has real estate experienced Directors

Under the business plan they are headed for a major shakeup and the SP will crash severely at the next several interest rate rise globally . I do not understand why there is no intervention by the major shareholders to stop the expenditure . You cannot keep raising capital and dlluting shareholders with the same plan every day . Simply madness