Ann: Quarterly Activities Report, page-4

Hi Folks,

It hurts to be reminded of my history with this company.

Stevo....if the placement doesn't go through smoothly (I believe it will) shareholders will be faced with a $110k bill for placement admin costs regardless and then shareholders will be facing another form of raising and the costs associated with that.

Two more weeks Stevo and we can start forging ahead with a replacement boat (so to speak), some new crew and hopefully new impetus to realise significant shareholder value.

I wait for this. GLTASH