Ann: Response to Appendix 5B Query, page-57

Hi Au Bull, I don't want one of those guys like some that hold graphite stocks going around to all other graphite stocks and kicking the boot in when your down, but I believe your board is a major problem at the moment, they pay themselves way to much, a lot more than all their graphite peers, and are just not delivering. Trommel had a good comparison of board remuneration across graphite stocks, its quite an eye opener.

IMO all holders need to form a group and start bringing management to task, as you have stated the ATO infringement on top of an imminent capital raise is a potential catastrophe and the blame can be fair and squarely leveled at the board.

Good luck with your holdings.

(repost: edited out name)