Jukes,All I am asking for is answers.Without answers, one must...

Jukes,

All I am asking for is answers.

Without answers, one must assume the worst as if it were all above board, wouldn't we have received above board answers?

I am taking into account the following facts:

1) Bonuses were paid based on operating profit that was "created" by capitalising expenses (mainly salaries) which were later written down. They have successfully failed to make operating profits since. Now the question is, were the bonus profits false then or has the business been mismanaged since?

2) Options were exercised by a Mr Goh almost 1 year ago and not paid for by someone who may well be an officer of the company. No reasonable expanation has been given. No action appears to have been taken, including action against the employee, should he be one.

3) The last AGM voting results appear to have been skewed by management/board through the exercise of said options days before the AGM. These shares appear to have been voted subsequently, even though they remain unpaid. No reasonable expanation has been given.

4) The auditors reported the management and board to ASIC and were summarily executed. We can only guess as to the new auditors, but time will tell. No reasonable expanation has been given.

5) The company made a loss of $4.9m and then shortly after did a deal "worth" $4.6m of which not a single cent is paid in cash. Last year's loss was $6.2m. Thats a total of 15c a share loss in just 2 years.

So what is one to think?

If I were on the board of a public company and it could be construed that my actions were nefarious, when in fact they were reasonable and honest, I would set them straight by making announcements, particularly when it comes to these options and Mr Goh as a possible officer of the company.

I may be wrong, but then they should come clean. That's all I am asking. I just want answers. Is that asking too much?