Ann: Requisition of Meeting under s249D of the Corporations Act, page-39

Agree, however in one of their releases today they state they were not initially aware of the pre-filled Proxy Form and other info sent out from the opposition, so they can only respond to this when they become aware of it.

The current new Management have updated us already on their intentions and it was not a pleasant communication to had to send, ie we have stubborn and high levels of debt that should have been addressed a long time ago, they need to get rid of as much debt as possible, and as unpalatable as it is, they need to sell some US assets.  Not a fun communication to send, but in my view this action needed to be taken.

GLTH