email from sirius

All of the unmarketable parcels held by approx. 10,000 shareholders were bundled up and onsold by our broker. I am not at liberty to disclose the exact details but this bundle was split between a very small number of buyers, none of whom went over the 5% disclosable threshold, which is why you won't have seen any notices. This was done at the price disclosed in the initial documentation (ie, a 5 day VWAP of the SP at the time - 0.8 cents). The broker did a good job - contrary to perception, he is not dribbling these out. There has been some support for the stock in the past few weeks but in the last few days we have suffered like many of our peers from the fallout of our friend Mr.Rudd. Being of small absolute value, the SP can change by a considerable percentage (~10-15% for each 0.1 cent increment) on very little volume - for example, 4m shares traded in a day (worth $36k) can change the value by 0.1 cent, which equates to a change of ~15% in percentage terms and a change of ~$1.5m in market cap. We are focusing on doing the work, getting results and hopefully letting these speak for themselves.

Mark Bennett
Managing Director and CEO