Ann: Form 603 - Notice of initial substantial hol, page-2

re: Ann: Form 603 - Notice of initial substan... Another Reason the Board should be Sacked ASAP

Below are the Appendix 3B for ASOF since 11 March.

Date , Shares Converted , Price

1) 11/03 , 3,227722 , $0.0606

2) 12/04 , 2,586,207 , $0.04

3) 15/05 , 5,000,000 , $0.015

4) 04/10 , 5,000,000 , $0.01

5) 16/12 , 12,500,000 , $0.004

Now the Substantial Holder for today is 12.5 million shares which is the new issue. What has happened to the other 15.8 million management? This funding deal destroyed Minbos. Simples. The deal also needs to go ASAP as all it is doing is paying wages and not exploration.