Ann: Response to ASX Query, page-10

I don't think it's a big deal. Wayne took out a loan against the rebate. Obviously the ASX thought it should have fallen under continuous disclosure but whether it would have been price sensitive seems very debatable and in their response, Nanollose points out that the quarterly report filed just a week ago did disclose that the company has less than a quarter's worth of cash on hand so the need for money is no surprise and probably wouldn't have affected the price, although the interest rate could be seen as material. Price sensitive is definitely not a clearly defined standard.