Ann: Return of Capital Update, page-29

Johnthesepo, I have raised the point that you have one opinion for a while and then change it for practically no reasons at all.

One moment you are upping the Board and Management for not liquidating and/or shutting down the company and give us all our money back, and the next you are saying that everything is okay and for me to sell out if I am not happy.

I could copy and paste some of your past post to support what I am saying if you so wish, but I am sure that you don't need that as you will agree with me.

I can see from your reply to hopefullguy that you have been holding MEL since it's inception, and so have I. The point is that I don't remember you at all for such a long time. Nevertheless that is totally irrelevant now.

Now, as for the NTU and trading above liquidation value, well mate I have my own opinion on that..

To begin with, how many shares changed hands today to push the share price up by 3 part of a cent.? Not many at all that I can see. Could it be that someone is trying to push the sp up for some reasons and/or an agenda.??

Now, we have about 400million shares in circulation and we are going to refund 2.5 cents per share. That would equal to about $10million dollars. How much money will we have left then in the Bank after that.??

How can you be so sure that the sp will remain at these levels.??? Most importantly though, how can some of us, which have lost a hell of a lot of money during this extremely long saga, get at least our money back.

As someone rightly said: ""(after investors sank $120,000,000  into this dog)"".?? Yes mate, a hell of a lot of money which came out none others than from investors pockets. In the meantime the management and Board always collected their own pays and emoluments and guess what, THEY EVEN COLLECTED  INCENTIVES along the way too.

And, as for selling ""AND NOT BEING PENALISED"" well mate we have all been penalised already. Some of us, as written/posted by some posters here, penalised to the point of no return.  I have been lucky that I am not invested in one company alone for, if I was and just with MEL  I would be living in the poor house by now myself.

Some of us have been putting more money out of our pockets in capital raisings over the years at far greater prices than our current sp, and for what.?? So, how can you say that if I will sell out now I will not be penalised.?? GO FIGURE!!!!

In closing, we have seen the share price, and our hard earned money, withering away from very good share values and down to 5.3 cents today so, what is good about all of this now.?? Just because they are willing to give us a few pennies.?? ""Is there a method in their madness.??""

It would be very good and a lot better IMO if they were to be doing what you've said in the past that they should give us all our money back and close this show up altogether.

Cheers mate.