looking good, page-8

Bull,

I asked you some pertinent questions last time you mentioned IMH and the announcement doesnt appear to accurately answer most of them:

The China deal. In early October they stated that they will perform tests in ponds adjacent to Lake Dianchi using Phoslock, and soon after work out the optimum combination to be selected for commercial application. Its now getting towards the end of November and haven't heard anything. Yet they now say they are confident of beginning in January. So where is the confirmation of the optimum combination etc

Do you have any info on their quest to gain EPA approvalin Australia? Again appears not much info has ben forthcoming of late?

There are 26mill shares not quoted on the stock exchange. Are you aware of what these consist of?

And finally, with cashflows low, do you think there will be a placement soon? They suggested that investors are interested at 20c, however, can this be right with the current shareprice at 16c, and the issue not fully-subscribed when it originally floated?

Cheers