Mackuma8 and others.Good morning.I think its time shareholders...

Mackuma8 and others.

Good morning.

I think its time shareholders put maximum effort no Wave Net to update the market via a detail ASX announcement with respect to the 50% owned winery.
I have no knowledge of a detail update at the AGM and without digging through ASX announcements details are difficult to find.

I do note.
30 June 2012. (Annual Report) Announcement dated 28 Sept.
WAL spent $872,680 “Wine Stock Purchases.”
$2.41Mil Bulk Wine inventory.
$620K of livestock inventory.
The harvest 1st Qtr $$$$ ?????

Current 5B appendix (1.24) (Announcement dated 1 Nov)
$746,000 loan to the winery. What is this for? (ASX is questioning cashflow)
No Sales. (Assume Winery)

Don’t forget the livestock have to be feed and the general runing costs.

I have written to the company secretary requesting a unique detail ASX update on the winery.
If any other share holders believe we should receive an ASX announcement update I would appreciate them emailing Wave net. ASAP.

I think there is a lot of potential in the drilling in Indonesia but the winery is burning up our cash.

Buy the way we have not seen a CLR holding ASX announcement since the 12 July that would also be interesting. (Form 604)


Thank you.