www.cardiaplastics.com, page-4

Hi Slew

Still awating that almighty announcement are we?

What about today announcement?

Goodwill impairment of $1,540M. So the auditors have taken a 20% cut off Bio's valuation.

Bio has contributed a $1.1m loss to the group in 3 months.

So summirising BIO so far:

Shares in CMM doubled to over 600M

$1.5M taken out of the company for Pat's brother in law and Directors fees.

$1.540M valuation writeoff.

$1.1M operational loss.

Brilliant. Pat is a hero. All lets drop our pants!

And by the way, do you notice how brilliantly he handled the investment in DIA-B? Sucked in by amatuers.

Good luck all.


Pear