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Ann: Response to ASX Query Letter, page-228

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    State securities has family office as clients. What is the problem? Also plenty of HNW clients... what is the problem?
    You don’t actually think state securities are the ones taking the money out for the 10.5m in Dec do you? They will raise those funds from their database of clients and take a standard 6% + gst as fee. They are brokers and earning a brokerage. Any accusations or conspiracy will be ignored until proven correct.
 
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