Ann: Response to ASX Query - Appendix 5B, page-9

From what I read within this update and the previous MM updates is the following:

"As part of this Settlement, CMY retains the right to negotiate further investment in BCC for a period of 90 days following the execution of the Settlement agreement."

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My understanding is CMY is already invested within BCC in some kind of capacity, maybe $250,000. BCC was loaned $500,000 from CMY to expand BCC operations then the wheels had fallen off the previous terms of contract. Now if you read the above wording carefully again you can see CMY and BCC are negotiating the terms for CMY for additional investing (further was the key word). Could be any number of possibilities like shares, percentage of ownership, cash and options. What's not known are the actual numbers/finer details.

So I'm confident that we have a deal but terms will be known in 90 days or less. Also CMY dropped any court proceedings against BCC and asked for 50% back so one could assume CMY has accepted less for more if you get my drift...

Peace Out Stocks78