Ann: Response to Price Query Letter, page-5

Pretty obvious the cause, even to a blind man, coming fresh on the heals of the EGM and the money gouging and before the usual group say "if you don't like sell", I'm in for the long run, just annoyed that this is the third company I have had shares in that management rewards itself to the extreme before the company makes any money and that is fully at the share holders expense. I just hope that there is a CoA result before we get back to the pre consolidation days, but I am not going to hold my breath. By the way the other two no longer trade and one has a group action pending against the former directors, the other is still listed on ASX, just can't trade it.