Ann: ZZL Pty Limited becomes a Substantial Shareholder, page-6

I have been a strong believer in this business and it's model over the past few years but I am starting to become disenchanted.

Sure we have seen some growth in the SP over the last couple of years but where are we really heading? It is getting to the end of the Northern summer so things will settle down for a while now and all in all we haven't really achieved much.

We seem to have put on all these staff but we are not getting any work, or nothing that is being filtered through.

If we take out the SPP, the capital raise and the recent bonus share cash injection we would be well in the red. We seem to be kept alive by capital raising funds.

I'm not sure how much longer I can hang in. The SP is deteriorating and with the naked eye I can't see how we are going to get growth here.

It seems that we are kept in the dark now or maybe there is just nothing of merit worth telling us.

Talk is cheap and from once being a firm believer I am now on the border with my bags packed.