Ann: Statement from John McGrath, page-6

MEA has been interesting to watch with regards to this saga and my sympathies to holders. I think that this statement is outrageous in its lack of detail. It almost leaves it open for one to assume that the reports are correct in referring to JG having a massive gambling problem.

Australia has a massive gambling problem which the governments have nurtured and allowed to flourish ... we are the number 1 losers in the world. That is a sad fact. But just because so many people are addicted to losing their money isn't an excuse for losing exorbitant amounts of money and I wouldn't want such a personality in charge of a company I were invested in. And I wouldn't want to invest in a company in which they are going through such a drama and they allow such a poor release.