Ann: Daily share buy-back notice - Appendix 3E, page-53

I really like to understand the companies that I invest in and when I bought in I thought that Richard Wankmuller had the right track record and I was sold on his Strategic Plan, which in my humble opinion is still a good fit for Cardno. Who would ahve belived they would need another CEO and now even another one. I just couldn't see the upside and I got stung on the Cap Raising - I'm a foreigner and couldn't benefit so I just swallowed the dilution. I'd probably be in a better position if I had held, but that's the way it goes.