Ann: NuSep announces 30 June 2013 Full Year Resul, page-9

re: Ann: NuSep announces 30 June 2013 Full Ye... SF, MM, K and all other readers,

I have become cynical, HOWEVER, my concerns have all been validated, unfortunately, with more and more of the same behaviour from the same people. I have no interest in downramping and ruining what little value I have left in NuSep. Actually, I am surprised when such accusations are made, that individuals believe HC posts are so powerful. If they were, change would have been effected. Really, what's going on here on HC is commentary and observation, not influence.

Those of you who think we're close to success, I ask you why the PrIME spinoff, promised last year, has stalled and without word? And why have the same individuals not been able to get the funding necessary? And why were they not able to raise the lousy $1.8m from the SPO? Do you really think things are now different? I support K's call for a replaced (not refreshed) board. But it won't happen. When we're in the same place in 12 months, with further losses and no funding, it will feel even closer...it has every year.

Now you may blame me and you may blame K. But the reality is we're just messengers....armed with FACTS going back a long, long way.

And here's a fact from YESTERDAY; $3.4m of loss was "hidden" from shareholders and was not even advised during the SPP period or at the shareholder meetings held within 4 weeks from this bombshell. Rather it was spun so as to make this years loss look like a bigger improvement; "This is a $7+M turn around on the $9m loss for the financial year ended 30 June 2012 and represents a 81% improvement relative to the previous year." Now that's load of Bull Spit!

Oh and there's also the little gem of the $4.8m payable to Luye in cash from within the last month. That's seemed to evaporate as quickly as the Philippines LOI, PrIME spinoff and maybe soon, the 1% PrIME blocks and the $20m (sorry $15m) from the Bio Fund. Oh and there's the Gohst money too.