Ann: Appendix 4C - quarterly-BPH.AX, page-21

Hi Assailed and all,

I hope you are correct regarding Cortial Dynamics and that shareholders make some money; however, your point about D.B. having quite a personal stake here is a little misleading when you consider that any money D.B. has in here has come from the pockets of the shareholders during the many Cash Raisings over many (so far failed) projects and years.

You allude to the point of ethics I have my views but won’t share them here. One would think that with the sheer number of projects put to shareholders of the group of companies D.B. is involved with that at least one of them could get off the ground. Even a not so handsome chap that asks 20 girls to dance should get at least one dance it is after all a numbers game the 19 refusals are just character building.

One of the big problems with this group of companies is the lack of regular information to shareholders in regard to the Molecular Discovery Systems Ltd. It’s over five years since we have heard anything and that IMHO is just not good enough.

I also feel that there are many other places to make money these days; however, I guess you are all grownups and free to decide how and where you invest, once you complete due diligence.


Good luck with it all and very best regards: Andy