Ann: Response to ASX Appendix 4C Query , page-2

The ASX is worried and so am I. I see ONL replied late to the ASX.

Most worrying as a shareholder is the lack of a business strategy. All very well selling off shares for a pittance for ‘working capital’ which I take as paying director salaries, but what is the business of ONL? How do they plan to make a quid for the company?

I sometimes hope for a left-of-field play on this company. That having achieved a major holding D’Silva will reveal the true value of the Biosignal anti-biofilm IP he acquired, or plan to backlist a blockbuster company. But really, I think the aim is to make a quid as directors and related entities until the company collapses.