Ann: Response to ASX Query Letter, page-60

Will be interesting to see what the ASX thinks of the extensive DD carried out by SKN:

* Direct enquiries of State Securities and its website to obtain an understanding of its business
and its financial capacity.
* Search of ASIC register to confirm good standing of State Securities.
* Google searches with no adverse findings identified.
* Advice from Mr Meletsis as the sole director and shareholder of State Securities, that State
Securities would have the financial capacity to meet the obligations under the Underwriting
Agreement.

I half the people on this forum can use Google to uncover what has already been thrown around I am not sure how extensive their searches were.