Ann: Chairman's Address to Shareholders , page-4

T.E should mention:

That 18 months ago the company had 7 Million$ cash and there was spp (for the UK) around 4 Million $. Together we had 11 Million$ cash. We paid 4 Million for the UK pluse 1 Million for worthless workover. So, allow me to raise the following question:

1- Do we have good reasons to spend more money on UK? Obviously we were screwed with this adventure and u only need to be brave to admit it.

2- Where is the 7 Million$ cashe disappeared? How much salaries we pay this directors/managers in the last 18 months?

3- Why we have to "further develop UK"? why we just leave it as it is?

4- Why we do not hang on on TZ and forget uk and australia?

5- It looks like we are going to have another spp so we fund the salaries of the managers....

very disappointed.....Obviously, whoever in the board, they are going to drill our pockets for the sake of thier own bank account...