Ann: Results of Meeting, page-13

These two guys will be asked to step down if they haven’t got results in the next 6 months. Whether you like them on a personal level, results are what we need, and there has not been any great developments lately. I commend them for taking their salaries in the form of shares, but what other options have they really got? Capital raises would not be popular and would not raise enough capital. They have one last chance to make a go of this company and that’s through a Jv. The other option is to sell out to the Chinese once the graphite price rebounds.
I hope we don’t get burnt, but the likelihood is most of us won’t be getting our initial investment back.