Ann: Response to ASX Query - Appendix 4C , page-8

Hope that's the case. thanks for the info. Understand how it can and likely will snowball this year or next. Just not comfortable with the financials and dilution that will occur before fruition. If the cap raising is no lower than 5c then that is positive. It seems that they have been delayed with the 1200 Metcash stores (January was supposed to have been the month) which may or may not be what the management were anticipating as the strong sales for which the financial situation would be healthier and reduced the need for cap raisings. I will be following the story closely.