Ann: Appendix 3E, page-3

At this price point they could absorb up to 25 mil shares off the registry. So reduce dilution by about 3.2%. As they have to buy no higher than last 5 days VWAP I think they will provide more of a base as opposed to punching the price higher. I guess this means the bottom is in ( till the 25mil shares are absorbed anyway). I guess if anyone wants in they will have to buy a pip higher which I assume will push the 5 day VWAP up slowly, which in turn should see the sp climb slowly into the end of the year. A bit of news flow wouldn't go astray either. Anyway, I am happy with this plan. Managment with their. $500 k buy in at 3.2 would probably like to see the price at least back around these levels. Good call management. Just sit back and watch now.