Ann: Directors Place Shares with Institutional Fund, page-15

Disappointed that it was one that has already been invested since last year. Would have been better if a new insto came on board. We need to increase competition for shares.

Disappointed that they sold at 2c but they did telegraph this to the market in the escrow announcement. They wanted to offload some and now they have hopefully we can move onwards and upwards. The amount they sold barely put a dent in their holdings so they still have plenty of reasons to keep building a stronger company.