Ann: Corporate Update and Appendix 3B-IGS.AX, page-6

In my opinion the company will restart. Why else would new directors come on board?

Until we get an understanding of their financial position, projects that are being reviewed and funding its anybody'S guess where the start price will be.

As a Con note holder I am waiting to see what is on offer. In the meantime interest is accruing on my loan.

Still no word on the $212,000 refund due from Winter Gardens. When will litigation commence if what they state is correct. I have my doubts that the refund is part of the agreement as IGS did not deliver the funding.