TRANSEASTERN POWER TRUST 7.5 PCT DEBS V.TEP.DB

RE:RE:Dividend 9.95%

[Parenthetical]

Its no wonder MNR shareholders like myself want out of Transeastern. It has a swathe of lawsuits against it from the former Corporate Secretary, the CEO, the directors, major shareholders, the carpetbaggers from Waratah. If it thought it was getting "free money" with the MedRes deal, it should think again.

The management at this company have buried the head in the sand and are avoiding the issue of how much is owed. They shall have to face up to it in the December accounts. That should be an eye-opener.