Ann: Dart Energy Investor Presentation , page-23

Free will,

Good luck for you in making some good profits. But hey, in the market there are all different types of investors, and it happen that I think I fall within the very long term category (in the majority of cases), and the ones that have plans of getting solid, constant, and very juicy fully franked dividends every six months.

I posted a few times before and I don't know if you noticed it, that I do still own my first original investment in the CBA (around 10,000 shares) which I bought at around the $5 dollar mark during one of their floats, and they return me constantly well in excess of 50% of my original investment, each year with fully franked dividends. That, plus quite a few others dividends that I receive, give me an excellent return on an ongoing basis.

IMHO, the AOE Management has been very misleading with us by continuing to tell us that the sky was very blue and that the gardens were full of flowers, (a hell of a lot of porkies mind you), while there was nothing further from the truth. What really get to me though, is as to how these people have no remourse in what they are doing to their shareholders, and not loosing any sleep at all at night, while they are doing it.

The latest in regard to the 1 for 2 shares instead of the 1 for 1 as originally announced is a testimony of what they are capable of. And in the meantime they are awarding themselves millions and millions of option at the shareholders expense. NOT A TWITCH IN THEIR EYES EITHER. And by having half of the shares on issue, their rewards are a hell of a lot better and much higher. Less dilution, more share value.

As for people having dreams, I am sure that there would have been someone here who had the dream of realising so much money form their investment in AOE, after seeing what PES, QGC and a few others realised from their investments, that you can't blame them for thinking in that way. Someone may have even dreamed that AOE would have got them out of their mortgage, or even buy them a new home, lol.

And it is also my belief that the only reason they gave us those shares, is because they had to, as part of the Scheme of Arrangement, If they could have avoided doing it, I am sure that they would have done it.

They wanted to do the demerger yes, but they wanted it all for themselves and a few others. Nothing for us. And with about 80% of the controlling interest, as someone just made us aware of, what chances have we got. A little dilution here and there and we are gone.

Wait till the first capital raising comes along and we will find out. They will award shares (up to the 15% allowable) to the instos, and we have then disappeared from the equation altogether. They may even end up doing a Management buyout, lol.

Someone should write to the ASX and ASIC making them aware that there has been a misleading information in regard to the awarding of the DART shares. God only knows, they may even force them to start it all over again. Wouldn't that be fun to watch...

Buddy