director's accountable, page-9

The directors are accountable. It's the shareholders who have not set standards for the directors. Shareholders have taken the rubbish directors have delivered without flinching. Nobody turns up at their meetings!!

Directors have no intent to acquire shares. They get free options for performance and have passed those in successively. That's a self measure of their collective performances.

One director was leasing GDN's office to the company. Why work harder than you have too? Best to collect rent and a good reason to keep raising funds through issues.

Options will not be extended, underwritten or reissued to option holders. End of story. Unless the SP gets to around 12 cents before mid November they are out of the money and GDN continues to be a hand to mouth basket case.

I expect new 1 cent options will be offered to shareholders sometime in the new year to raise more funds. With 500 odd million options expired another 500 million options at 1 cent will be offered to raise $5 million. Then the directors and shareholders are back to where they are today. Hand to mouth existance full of promise but no delivery. You can bet on it.