asic allegations by auditor, page-5

I think there needs to be a full explantion of the allegations by the auditors. Below are SOME questions that I believe need to be asked (this is not an extensive list).

1) How did the company fail to comply with continuous disclosure? Is this criminal? By failing to inform shareholders of the details of the ASIC investigation, is this further failure to disclose? What is now in place to ensure this does not happen again?

2) What did the company do that constitutes "creating a false market"? Is this criminal? What risk do shareholders now face due to these actions? What is now in place to ensure this does not happen again?

3) What did the directors do to fail to appropriately discharge their duties? Is this criminal? What is now in place to ensure this does not happen again?

4) Where do these matters stand with ASIC? Are they now closed or are investigations still on-going? Who was responsible, if anyone, for any mis-deeds? Do those people still work for the company? If so, why and what were the consequences of their actions to them?

5) Did this result in the resigantion of the directors in the first half of 2012? If not, why did they resign, one after such a short period?

6) Is there anything else shareholders need to know about with regard to these matters?

I believe these need to be answered with a market announcement, preferably before the meeting so the air is clear and shareholders can vote with a clear mind.

We'll NEVER get institutional shareholders while these matters remain outstanding.