Ann: Results of Meeting, page-27

We are talking about 4m shares at 0.8c, that’s $32k. Take a look at the register since they have done the placements, there is a number of SMSF investors (via Peleton) that were taking a punt and now they are exiting. They thought taking shares at 1.5c when it was trading at 2c (and just been to 4c) was easy money but everyone headed for the exits as soon as the placement was done. This is pocket money for a lot of those guys and probably bet more at the local track (likely with greater success). Are these the so called “institutional” investors subs talked about? No, these are the scum of the stock market looking to make a quick buck