Ann: Response to ASX Query Letters, page-44

Clearly systemic non-disclosure issue.

All those shares for services rendered should have been disclosed when they agreed to them with the service provider not at time of issuance. Good luck anyone needing share holder approval for any other share issuances, I know which way I'm voting.

The financing with FC Capital certainly wasn't disclosed, $20m line of credit, $19m drawn down and no disclosure to the market? Give me a break. The terms definitely need to be read 10x before I really understand if this is above board or a massive risk.

This may turn out fine long term, but the Board and Mgmt are a bunch of amateurs.