Background Noise, page-6

MO,

I'm confused as to what you don't understand here. Do you really think ALA are investing in Liberty because they want exposure to the resources sector??

You keep mentioning it in that context and it couldn't be further from the truth. Please read the ALA announcement and you'll see what the plan is. Here are some excerpts:

Liberty Resources MD Mr Andrew Haythorpe commented:
"This is an exciting new opportunity for Liberty shareholders. We see substantial
opportunities through Applabs expertise and competency to expand into new global
business opportunities with immediate revenue and profit growth. It has been a
long held vision to move the Company toward a profitable position. Unfortunately,
and beyond the control of the Company, this has simply not been possible in UCG. “
Applabs will present suitable transactions for consideration by Liberty for
investment. Applabs will also offer Liberty access to technology companies which it
has already invested in.

Also.....

Applabs Managing Director Mr Stuart Kidd commented:
“We are delighted to complete this transaction to acquire a meaningful stake in
Liberty Resources and assist the company in potentially sourcing technology
investments. Any transaction also has the ability for Applabs to potentially convert
its investment in an unlisted Technology company into a listed investment”

So as you can see from those quotes, there is NO INTENTION to become involved in Liberty as a resources company.

My take on this will be for Liberty to restructure their register (similar to being used as a shell) and ALA and others will have varying percentages of this new entity.

As has been stated in the announcement, they will look for new tech acquisitions and current businesses ALA already have a stake in ( see quotes from ann. above) to place into Liberty.

So, this will derisk the Applabs business and retain that solely to concentrate on their app sales and developments. However, ALA shareholders will gain from any potential profits from the new entity.

This new business (currently Liberty) will be used as the incubator for any current (RosterElf, Xtv) investments and future tech acquisitions. They could possibly also add there recently set up
USA subsidiary established to fast track potential Silicone Valley investments.
Perhaps a similar set up to their US friends, Archimedes.

That's how I see this playing out, and certainly NOT as a coal investment.