Ann: Update on Deed of Company Arrangement-MIZ.AX, page-62

For what good it'll do. We've already been told that our holdings will be collapsed by a factor of 350, so even if you had held 350 million shares prior to suspension they'd be worth the princely sum of $10,000 (1M x 1c) in the new set-up. For myself I'll have to make do with about fifty bucks, so I frankly don't care when they get round to providing an update. Of course Silver Stream and the like are getting a good parcel of new shares in the deal, but who can complain about that; they lost a packet in the debacle, after giving MIZ a good deal to help them acquire the plant. The only hope for anyone small to get a bit back is to invest in the new shares when (if) they come on, but my word, what a gamble that'd be with this company's track record. New management, new efficiency? Let's wait and see.