Ann: Chairmans Letter and Notice of Meeting, page-45

Exactly Brett. I actually know what happens if the share price has dropped - say from 17 cents to 1.7 cents when you have 25 cent options expiring last year ......... you nearly get wiped out, with no thanks. Given I paid 17 cents for the shares perhaps the options should have been lower, say half, 8.5 cents, because of the risk? Sort of like 2 cent shares with 1 cent options, because of the risk?

I know, I know, I'm still going to get rich on this and we will share that beer, but this has been such a long painful journey just to get to $30,000 a quarter of income. I reckon I have earned the right to whinge even when the outlook has improved. These guys may have saved us, but given predictions of exponential growth blah blah, they are taking a very timely opportunity to convert all their 'monies owing and services rendered' into shares and options for almost nothing. I guess I'm just jealous and really p***ed off at the same time.

Here's to an amazing next 9 - 24 months when all of the grand predictions become reality (for the very first time). I'll have a Rogers. What's your preference