Hi Coolamine ... From reading the notice of general meeting and...

Hi Coolamine ... From reading the notice of general meeting and results of meeting 31st of May, I believe the shares were issued to employees under the "employee share plan" ... I see this as a positive as the shares were issued at .001c. In particular the 300,000,000 shares for Mr Stone H Wang will be vested for 12 months from the allocation, contingent upon Mr Stone H Wang continuing to remain employed by the company.

I agree that more dilution isn't good but this looks like a positive to me as employee share plans -

- Increase the productivity and success of the business by motivating employees
- Increase employees' interest in the growth of the business
- Reward employees
- Assist with staff retention
- Improve relations between employers and employees

I personally think Mr Stone H Wang is deserving of the share plan. Since joining the company he has taken a 50% pay cut and turned the companies 429k loss in 2009 to a 1.04m profit in 2010 and continually brought us better sales figures and increasing profits. It's in his interest that the SP grows with him owning now a substantial 13.6% .... It's been frustrating seeing the SP languish but I'm happy to hold