Ann: Appendix 3B, page-19

Hi Folks

I am a very disappointed LT BUD holder.  DM is like a fiction-writer, but the one thing we now know about him is that self-interest is King.  Sells large tranches at high SP, performance shares aplenty, despite the delivery woes of OHM.   Having said that, why are people piling out of a stock that MUST get back to at least 8 cents, given the CR price of 8 cents and the additional commitment by all BUD BODs to take an initial position at that level? I note the position size has not been mentioned by DM. The cynical BUD (victim) holder in me can foresee them taking a thousand shares each at 8 cents, when the SP sits well below that figure!   Suckered again!

But the big boy backers for the LIFX deal will not pay 8 cents in March, 2019, if the SP is significantly below that figure.  So watch for the miraculous SP pump in the pre-signing negotiations with LIFX.

If I am correct, this daily capitulation selling into ever-new lows we are seeing in recent days will soon reverse and climb well past the CR level by mid-to late March, 2019.  Self-interest by management and the institutions can work for us here....

Loyalty is a one - way street with BUD at present.   We are financing an enigma deal wrapped in a mystery based on fluid information that is revised or forgotten at will. That is not how the ASX Disclosure Principles are supposed to work in my view.

Not happy Jan.....!