Ann: Responses to ASX Queries, page-45

Ok if they keep buying back their argument is rubbish that taking cash selling to the company instead of exercising their options for more shares as entitled prevented the dilution of shareholdings - every time they buy back they do the opposite of diluting shareholdings. Everything they said to justify their taking $34m from cash reserves for the two executies on top of their salaries and other bonuses they have enjoyed over the years, is just fudging truth - they knew what they wanted, ie, cashout before the fallout, and then they thought up less selfish sounding justifications for the plundering, do it whatever you want to enrich yourself then dream up some reasons that don't sound too bad to the stupid public