promises from 2010 agm presentation, page-5

Just an extra on the 'independence'.

RB I agree that a commissioned report CAN be independent, I just question one commissioned by people who created Gohgate (still not paid and still unanswered) and who took bonuses based on accounting when in fact losses existed at the very time the bonuses were paid would commission without some ulterior motive. When you take into account the commissioned Stonebridge report of late 2010 (when the shares were at 24c and projected to 53c), it is fair to ask questions, even when you know they won't be answered.

So if one is to assume the commissioned Stonebridge report was independent, then are we now at 5.3c instead of 53c because:

a) Stonebridge analyst did a poor job?

b) The management of NuSep have done a shocking job?

c) The 'rebels' who didn't sell for over 1 year after that report drove it down (it was around 10c, I believe when the 'rebels' came in)?

d) No smart investors will come near our company as it lacks transparency and they have no faith in the current management/board? Or are these professionals not able to see the value that you would argue is obvious?

e) Some other reasonable explanation?