Ann: Financing Update, page-6

Final nail in the coffin. Was hoping something might come of this as had unlisted options (and only had those as could not sell them and they were in any case my no risk remaining hold in case they ever by miracle got into production). This is now the end I guess unless sudden miracle emerges. As comes as no surprise no underwriting for the rights issue and in this sort of market and their past track record I see them getting any funds from current shareholders as rather challenging to say the least!!

Been a slow death. Kori would have lost a truckload on this stock so suggest be a bit gentle as not his fault for the this company's performance or his belief (hope) it might come good - as if you had as much invested in this company as he had you should know he is feeling the pain and not worth rubbing it in for him.

At least I guess Frank gave it a crack but was always going to be touch and go with the dilution etc.

Losses I made in this stock were my fault (no one else's) and had moved on some time ago after selling out, suggest you all do the same and take the lessons learned from this. I certainly have as play very few spec shares now days (with much better risk management for those I do play as most of my losses could have been avoided had I not pulled a critical stop loss trigger). 90% of my trades are now more in the mid cap and large cap range which suits my short term swing trading style.