turn around point, page-9

Well Fero you were spot on with your call...today was a terrific day for the SP. However, I cannot help but be very annoyed as a shareholder, with these issues of options to Banks/other lenders, in consideration of granting of loans. I intend to write to Brian Rear about this. Lenders are paid interest and a margin to recognise the risk they are taking when they make the loan.

Banks are NOT taking equity risk with their loans, so they do not deserve to get equity in exchange. Lenders have preference to equity in a wind up and in the case of Macquarie Bank, they also have security over assets and are therefore higher up the creditor ladder than even other lenders. YET, these lenders who already have stock in our company are able to manage down the shareprice and realise gains etc, in the knowledge that they will be rewarded with options, exercisable at prices less than or equal to the prices they are realising, to replace the equity sold.

Meanwhile the poor "mushrooms" being retail investors, not only are unable to participate in this cosey scheme, but could be fooled into selling there shares into such a weak market.

It is only now that these contrived markets have been withdrawn, that we are seeing the SP revert to closer to its true value...halleluyah!

regards
DF