Ann: Appendix 4C - quarterly , page-20

Novogenesis said "If PPY is worth anything at all surely someone would soon buy control". I ask "control of what exactly"? A friend of mine has just let me know that he took an opportunity to drive by the Walkamin facility and was amazed that PPY technology, what appeared to be a small "plywood" making lathe, was in full view from the road? It was in a green container and he could see clearly the silvery lathe inside. Does this mean that PPY now see no value in protecting its IP? Or is there no IP worth protecting? With respect to "reconstituted fibre" to make a pallet there is no money in this project and the end product will be expensive. It is much cheaper and more efficient to use wood (regardless of what the green movement think/believe). And let's not forget we were originally invested in a traditional paper replacement revolution. Excuse me while I stifle a yawn!!! By the way I have invested in some penny dreadfuls (knowing that they were penny dreadfuls) and made a little from speculating on them but when I (and others) invested into PPY they were anything but a penny dreadful. The board have failed in their duties and that is that. But like everyone else I am also beside myself in anticipation of the next announcement/newsletter. Hurry up lads, publish it!!!!