demise, page-3

Hi Sugarbowl

I have to apologise to you.

Obviously you are now not one of the boys at CNN.

A few weeks ago you were berating me about Bioglobal and you made the comment about Bioglobal using sales generated funds to drive research rather than raising more capital.

The quarterly report shows that Bioglobal made a further capital raising during the quarter.

Hence it was made without your knowledge (or was it made after your posting?)Have you done something to upset the boys?

Slew, how do you feel about the valuation of Bioplastic?
I know its retrospective, but if you look at the one of the assumptions of the valuation it is 100% utilisation of the manufacturing plant. The quarterly report clearly supports this assumption. Blah!

Also, notice that this guy actually used CNN's cash to pay a Cambow creditor. Oh its legal guys. He can use our cash for other companies so long as its less than 5% of our assets.

Still no announcement of the result of the bags trials with K Mart etc. No news here, I am still awaiting news of the trials to clean up uranium, OK Tedi etc.

And lastly I seem to remember that the "amazing "float" kings in Pat and john wilson were going to float Aquanox this year. Reading the quarterly, do we all agree that this will happen?

Regards


Pear