Ann: Response to Third ASX Aware Letter, page-2

Its going well...

Another Q that I guess the ASX may ask is why borrow $1m at 12%, repayable in 4 months with a hold over the company assets when you could just draw down on the unconditional,12% AMRAM Corp LOC that you havent touched since it was basically started and is just sitting there proping up the balance sheet ? So they have offered up the company assets when they don"t need to.

Plus how can the pass a resolution at the AGM on the remuneration report when its not been sigined off by the Auditor?