BPPOA Options, page-2

Well Vincerli,

I hope you've been pleased with the rise from the ashes free from IMI - looking at the numbers there's a huge amount of upside in the price but the only thing I don't get is the share price. $5M at the half yearly, the projected $7M Annual will get obliterated - depending on how anyone projects it could be anywhere from $5M to ???? plus. There'll be people trying to climb into this share by June with not many shares being released except from the convertible loan - it will be interesting. Fill yer boots as the Irish say.