Sep 41c Oct 31c, page-4

Good to hear from you Mont. Your opinion is valued here and you have been absent for quite some time.

I think regardless of the management communication which is a joke, it is still clear that the risk profile of the Company has greatly changed. What are your thoughts? Are you going to continue to hold? I am unable to trade out and in of the stock due to employer restrictions so only have a hold or sell forver option. If I had the option I would sell today and buy back at whatever the price was they day after a connection offer was secured.

The risks in PH and IN grow daily and the ability to be held to ransom increases correspondingly. Once the end of the Sengkang BOT is in sight (which is not all that far off) and corresponding bankruptcy, the respective governments/ stakeholders will see an opportunity to acquire these highly valuable assets at knockdown prices as they have the ability to unlock the value.