Ann: Sale of HGB Leasehold in Indonesia, page-12

The current management made a decision to buy an unproven plastic fence business that was going bust. At a time when capital and the main focus should have been on increasing sales.

It was funded through a related party transaction. Then when it didn't work out was sold through another related party transaction for a dreamt up sum. The ASX asked for this transaction to be unwound. RAN as far as we know ( disclose next to nothing) gave the ASX two fingers.

The current management have strained relationships with the ASX, tax authorities, accountants, auditors etc. This is what Compliance is all about.