Ann: Notice of General Meeting/Proxy Form, page-12

Gamed the system with HFA thought I could duplicate it with other stocks. One of them was XTD. No thesis at all for XTD. XTD is an optionality play on the NYC tenders but there could be other US markets and/or other continents. XTD has certain competitive advantages when approaching the tender process I am sure everyone that knows this company is aware. Whether they win it is anyone's guess but for an investor I guess you value the Australian operations and then pay for the optionality. Is $28m too expensive for just the 45 LED screen business? Pretty easy to back that out then how much are you willing to pay for the optionality....also time frames adds an interesting flavor to the mix.....

As for my buys and sells based on price action unfortunately not. Most of my decisions are based on information analysis and news flow. Barring XTD my only holding is CM8 with the initial position purchased when the chart was going down and continuous buying after meeting with management.

But back to XTD. It is interesting but there are a lot of holes in the investment thesis and I will be really happy if anyone posts it . And to my earlier post on 10c I wish!