Ann: Letter to Shareholders, page-6

The corruption and collusion of this company knows no bounds. A trading halt that essential locked in existing shareholders, who have been held ransom until the real state of affairs were revealed only to now essentially have our money stripped.

If there was clear and transperent communication of the severity of paladin’s financial situation prior to the trading halt and what it would mean for shareholders then I and many others would not have invested in this company. Furthermore this is the first letter addressing shareholders directly, of the severity of the situation.

This is an unacceptable outcome and will be vigourously challenged by all shareholders.