From: DDzx Sent: Thursday, March 03, 2011 8:23 PM To: [email protected] Subject: EMS options
dear Steve
i writing in respect of the EMSO and EMSOB options
many, such as myself, have been loyal EMS shareholders for many years, including participating fully in capital raisings
my experience is EMS has at times not been overt in its disclosures and never once met published goals
for example, EMS first mentioned having Artimist ready for sale many years ago
although, due to is small size, we were naive to believe so, EMS gave the impression the previous trial would be the final trials
this impression was also included in broker reports, which were compiled in conjunction with EMS, given the broker raised capital for EMS
both shareholders and the media were shocked when, on 28 April 2010, EMS made an announcement including the term ?Phase IIa clinical study?
similarly, the current trial delays have blown out the completion expectations to the 3rd quarter
that the multi-nation trial has not commenced by now, March 2011, is something shareholders did not expect last year
with a new board, including yourself and Mike Stewart, shareholders did have expectations of improved planning, guidance and performance
i acknowledge delays in Africa are inevitable and expected, however EMS appear to have failed in factoring in such inevitable delays in their published guidance to shareholders
the purpose of this email is not criticism
the sole purpose of my email is to request EMS consider re-issuing the EMSO and EMSOB options
for example, last week, I sold 1,200,000 EMSO options for $2,400, incurring a loss of $3,600. i sold the EMSO because i considered the trials would not be completed by 31 May 2011
however, I decided to retain 250,000 EMSOB. my personal investment in EMSOB is $4,500
in view of the poor performance of EMS over many years and what can only be regarded as misguidance after misguidance, i believe it is only fair EMS re-issue the EMSO and EMSOB options, say for 0.1 cent each
this has been done by many companies, most recently by GBZ on 21 June 2010
yours faithfully
DDzx
EMS Price at posting:
3.1¢ Sentiment: None Disclosure: Held
