Open letter to the Directors of HVM

Hi,

Capital will be hard to come by. Us Aussies are not as open pocketed as we once were. It would be a shame to see your great vision fall in a heap. You will need to create something substantial to secure investment cash either in the retail or institutional sector. (super funds have taken a huge hit)

Time to prove how committed you guys are to this project. I know you guys work very hard for your money but respectfully I suggest you consider halving your directors fees this year in good faith given the unprecedented times!

A cost of 1/18 of available cash on hand for directors in a business that is not close to turning over any sales is not acceptable in these recessional times.

With Respect

(name withheld on hot copper)