I've got to say I'm a little perplexed by your announcement.(a)...

I've got to say I'm a little perplexed by your announcement.

(a) $2.4 million placement - possibly up to $3.6 million with a free attaching option.

Nice dilution!!! At a time when you are expecting (as later stated) to start 2008 financial year off with $19 million of eye care assets and around $2.8 million in cash and no liabilities.

(b) Eye Care Update

This is good. "At this stage it is difficult to gain an accurate assessment of the market size for the treatment condition addressed by the Alcon product, however our anecdotal view of the global market size is in the order of +US$100 million to US$200 million. Given Alcon's significant market presence, sales of their product may produce a significant royalty stream for AOS, relative to our Company's current market capitalisation (circa A$20 million post placement)."

(c) New Investment

Western Australian suburban property development whereby you have our.... repeat our..... capital contribution secured behind "traditional senior bank financing"...

Is that what is commonly referred to as a second mortgage???

Because if it is... then for goodness sake say so.

WTF is 'senior' bank financing if it isn't a first mortgage???

Not happy Eva!!!!