Ann: FY17 Half Year Investor Presentation, page-28

Brumbypat - with respect, I don't know you and therefore I have no intention in getting into an argument - this forum is not for that and I this will be my last post in respect of this particular issue.

Firstly I responded to Jezzamus post and I quote their post for you "You have to hold for 45 days to get the franking credits" - I inferred from that rightly or wrongly, that he thought you had to hold the shares for 45 days to get the franking credits - I think that is reasonable to infer.

However, that thought is not correct - entitlement to franking credits come as the same entitlement to dividends regardless of when dividends are paid. People need to be very careful in misinforming people and when people know something isn't right and in this case I can assure you I am an expert in this field then its up to us and our morals about whether we let people know - at the end f the day they can make their own decision.

If Jezzamus had a different meaning which I misinterpreted then he will obviously respond to me and I will act accordingly and if required apologise to him, as I would if I intrepreted your post wrong and you advised me of that. As for your view on waiting 45 days to get the franking credits from the dividends - 45 days until you get cash from the dividends in your bank account. Franking credits - well whether you get them in March or April is of no consequence, as given you literally don't get them in your bank account but use them in your full year income tax returns as credits - and hence only do you get the actual $ benefits in your bank account when either you settle with the taxman.

Not all shareholders are experts in everything and if someone has told someone the wrong thing, then forum is a place to learn, I certainly am not an expert in everything, but I am an expert in my field of knowledge as you probably are in whatever it is you do or have done.

As for my rambling posts - fine they are long as I just write it as I see it - simply please put me ignore - I have no problem with that.

As you state yesterday you could have made more with buying and selling EPW shares - however, could you have bought the volume you wanted and sold the volume you wanted to make a decent profit without changing the dynamics of the spread, why is that - well the market has valued them - no new information has come to light - everyone knows the divs etc, but I can guarantee with 100% that professionals do this all the time and they are punting on how the price will move ex div - one example of that is the volume being traded in a stock - you will notice particularly at the moment for EPW that traded volumes generally at the moment are appearing at times significantly higher than the 12 month average volume - that's not a definititve reason but it is sometimes the indicator - and usually that is about what else is happening in the market and the world - I have seen some stocks actually go up ex div - because of market conditions, and many go down less than the dividend. But your right in theory - the stock should go down immediately it goes ex dividend by the dividend but at lot of times they go more or less - not because of the theory but because of other events happening.

I really hope you put me on ignore - because I think we will just have to agree to disagree on probably everything either one of us says..