Ann: Notice of Extraordinary General Meeting/Proxy Form, page-52

just ran into chicken little and boy was he relieved. Why? He now has a lot more certainty and markets like certainly. Here's what he told me. 1: Nasdaq listing to go ahead in the next 4 mths. 2: Nasdaq listing structured as ADR's. 3: $35m AUD to be raised. 4: Funds raises to scale up business, new products and acquisitions. 5: Yacov cleaning up the balance sheet by converting debt to never to be sold equity. 6: Overall dilution a lot less that what could have been, especially given performance shares are extremely unlikely to be issued. 7: performance stock to incentivise staff means no result no shares.

This announcement is all about the capital structure and getting this right is of absolute importance to take the company to the next level. it has nothing to do with any company specific issues. On my numbers company should still do $40m in revenue over the next 12 mths.

Don't underestimate what some increased liquidity could do to the share price. It will help instos and large investors manage there risk.

Why pull the trigger now on a nasdaq listing? because something big is coming. yacov could have listed any time over the last year but he has chosen now!

Overall, I have always said nasdaq listing will be Q3. This is just another positive development towards a share price rerating.