When last chance to buy to participate, page-14

What management have done in this latest CR needs to be carefully analysed......in October 2014 they carried out a CR at 3.0c (approx 20% discount), this represents almost a 75% destruction in shareholder value at the current CR SP of 0.008.

It is apparent that they do not have the requisite skill sets to sell value or to negotiate a better deal on behalf of their shareholders. This is extremely troubling when you are in the business of selling a product and the core skills are to sell features,benefits and value Also how in hell are they going to put together a deal in a takeover etc. when they have capitulated in their CR's.

The only other scenario is that they are complicit with an orchestrated plan to basically steal from longer term shareholders by continuing to devalue the business and buy cheap shares when existing shareholders sell out.

The reality is that neither of the two scenarios reflect well on management but this is real and shareholders have to work out what is in their best interests. I have emailed management and voiced my concerns over this CR and the issues raised above. .