Ann: ASX Letter to XPD, page-6

Not paying the company auditors and previous directors is a concern..I was surprised that this question was even asked by the the ASX as a prerequisite for relisting however.

Who else hasn’t been paid... I assume that the non payment of fees for the Australian web site resulted in it being turned off.

With $50m + in the bank there should be no reason not to pay suppliers. This seems like a poorly managed accounting system at XPD.

Hopefully the audit is going ok...