Ann: Appendix 4C - quarterly , page-8

3.3c was 91m , the current 4.9c now prices this at $135m post the reconstruction and the $5m ipo at 20c , what was it again they were buying , a tech company that had to borrow money from MYA to stay afloat.

Only a 6 weeks ago 750K raised by MYA AT 1C PER SHARE to advance loan funds to iWebgate Technology Limited and for working capital. There is something absurd making 400% on a raising to keep another company afloat. $135m valuation for this same company at 4.9c , recent sub holder paid around 150K for 16m shares 6 months ago now worth around 800K , what was worthless has now gone up 500% plus. Buying tech is now so high risk that valuations are pricing in 5 years plus of earnings growth. Will watch from the sidelines to see who takes profits first.