Email: Important Developments in X64 and PMHI, page-27

ST - the issues raised in Josephs letter appear to be very serious. There are allegations against Raul, the current Board of Directors and of course the possible issue of trespass etc.

What I can't understand is that x64 owns at least 40% of Philsaga - so legally why aren't profits forthcoming. Surely if those profits are held up there are legal consequences down the track.

Just to put a human face to Josephs comment - that 70% of all shareholders voted in favor of the prior board. As at the 8th March 2023 there were 3340 shareholders of X64. 70% of that total represents 2340 shareholders and their families. We have all been denied access to our capital for quite a number of months. - particularly during this very difficult inflationary time for everybody. Not to mention the stress all shareholders have been under.

We all need to ensure that all aspects of x64's recent history are carried out and completed. In particular the Supreme Court actions in the Philippines, completed the audit / investigation and implement the findings, take action against anyone that has caused financial or any other damage against our company including the recoupment of any funds that may end up being outstanding etc (not all embracing).

We all need to be vigilant as a collective group to ensure that this process of voluntary administration is all embracing. DYOR