Ann: Response to ASX Price and Volume Query, page-2

I don't like that response one bit. They could have easily said that MBN recently went through reorganization and some of the noteholders were not structured to be equity owners and as such there was a short term correction in finding new shareholders to take the company forward. Such a response would have given a reasonable degree of comfort. The response they gave is quite concerning, as it validates the significantly lower market move.