THE PHANTOM, page-7

Howdy wilson. Your post reflects much of my own thinking. The only difference for me is I think they could have taken us over last year for a much cheaper price. The cap raise remains an issue for me for 2 reasons.

1. lower share price will mean larger number of shares to be issued
2. raise will be probably given to insiders only since majority of us don't know enough about the 'behind the scenes' play

Only my opinion, but personally I want to see concrete sales come through to offset any cap raise.

In terms of nanodex and sensera being named. Ralph would most likely be in a position to have to comment next time there is a speeding ticket. Difficult to say 'no reason' when it is highly likely that some shareholders would have emailed him to ask for comment on the nanodex presentation. In which case, I believe he would be legally liable to honestly reply to ASX requests. To which, an easy response would be something along the lines "the company has not announced any news, but some shareholders are acting on rumour from client presentations". Something along these lines is about all they can say if they don't want to put anything further into the market.

On a personal note though...I would prefer something along the lines that "there is more interest in the company after shareholders did due diligence in researching the market and the products",,,

Of course best response would be..."after discussion with our client we are now naming our client publically, esp after some shareholders have noted the client presentation"