resolutions, page-4

I will be voting against the issue of the options and the renumeration report for two reasons.

1) I have yet to see that Askin Dunmore, Whittle, etc have done anything to earn such largesse at this stage except ride on Cottee's coat tails. We are paying them good coin as it is, I don't see the need to issue them the options as well.

2) I suspect that contrary to CB's thoughts, Askin and Dunmore ain't going anywhere. If all those options are converted to shares, not only does it dilute the value of our SH, it also reduces our voting power and increases theirs should the SH decide to take them on in the future. I also don't believe the board should be the size it is and the company should be trimming back on the fat until such time as we are producing.