Ann: Crowd Media Undertakes Refinancing of Debt Facility, page-14

I STILL BELIEVE they are being PAID FAR to much for the results they are achieving and I have made myself very clear on here and DIRECTLY to the board of directors via the CEO.

Domenic knows exactly how I feel and considering I have a few shares and I can also write a few words on here IMO they have listened and are addressing directors fees.

There will be a six monthly update this month as indicated by the company and shareholders will certainly be advised then I am sure of all the cost cuttings the company has undertaken.

If then shareholders still believe adjustments need to be made I am sure it will be reflected in the share price.

Apart from excessive directors fees I am happy to see the new division unfold. My sentiment for the company has not changed my sentiment for the directors fees has not changed.

They are viewed separately and not put in to the one basket.

What I wrote on this forum previously has certainly been read by the CEO of Crowd Media about the directors fees.

I support their efforts in building this company I dont support the excessive directors fees.

I hope that clears up any misunderstandings you may have.

I still feel the shares are very cheap at these levels based on the revenues of the company, the client base and the potential of the new division.