Ann: Response to ASX Appendix 5B Query , page-2

You would think whatever is in the best interest of the two foundation directors, Jeff and Jim,will result. That could be use the deferred salaries at 31 Dec to raise capital and dilute most of the other sh.

Given the cash flow situation, maybe Jeff and Jim will try and bring forward their deferred salaries, and then do a CR to their benefit. Not sure if that would be permitted.

Now that they know they are watched so closely, I think they will settle ithe dispute quickly. It will all be squeaky clean. Hope they agree on possible Bonita at the same previous WI.

It would be fascinating to know if Blade and Peak director are genuinely on good terms. I wonder who tipped off the Sec Comm. too taxing on the brain.

Be done with all this bickering. Green light this week.