Ann: Update on Proposed Requisition, page-302

Its real eye opener talking to some of you.

$1.2 million in the toilet? That's not how cap raises work champ.

The company needs capital to keep running. If they can't afford to keep running or to pursue sales - what happens to the balance of your investment?

There is a fair chance that the SP would have been higher if Drake had participated. There is a fair chance some of us would not be nursing such material losses from our investment if we had known Drake set the cap raise up to fail.

I find it offensive that:

• Drake made those demands;
• that the old Board accepted them;
• that a material agreement made by the company was not disclosed to the market;
• that Drake forced the company to accommodate them into the cap raise then didn't participate - resulting in the cap raise failing;
• that as a result, the company needed to devote time and energy to restructuring around AEM so it didn't run out of cash when it could have otherwise been spending money to commercialise; and
• that drake is now masquerading as the company's saviour to the stupid and people who has suffered for so long they are sick of it all.

For the record, I was critical of the board before the FAA approval and that it had not lined up sales ready to go when the FAA approval came through. I've seen nothing in Drake's behaviour that suggests they offer anything better than what we have now.

Love is the only one saying he wants a board that will help the company best achieve its objectives. Drake just offers Roberto for corporate governance and so Drake is represented.