££......Osmetech ......Smell the Success.....££

We've often talked about Osmo being shorted on here well I've just been checking back through some old email from my broker and found this from a purchase I made in May that they had trouble settleing. I made this purchase after a month of "heavy" selling that saw the price drop by nearly a penny. After all that "selling" you would have thought that it would have been quite easy to settle a relatively small trade. It actually took them 2 weeks to settle the trade.


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Received: 01/06/2004 Reference: 1-38944260

Subject: RE: Trade Unsettled s+5


Dear Mr xxxxxxxxxxx,

Account Reference: xxxxxxxxxxxx-200


Trade Date: 17-May-04

Reference number: PURTCM133559010
We have dealt as principal on your behalf:
Order type: PURCHASE
Order dealt on: 17MAY2004
(Dealing time is available on request)
Settlement date: 20MAY2004
Stock name: OSMETECH
ORDINARY SHARE
Stock ISIN: 0051213
Dealt quantity: SHS 314,252
Dealt price: GBP 0.03950
Conditions:

Gross amount: GBP 12,412.95
Charges applied as follows:
TRADING FEE : GBP 50.00
STAMP DUTY : GBP 62.31
PTM LEVY : GBP 1.00

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Settlement amount: GBP 12,526.26
----------------------


We write to advise you that the above trade, which was due to settle
on 20-May-04, remains unsettled in the market. Please be assured that
we are seeking to obtain settlement of this trade and will inform you
when this has happened.

Your Investment Accoutn has been updated as if the trade had settled.
The delay in the market settlement will not affect your ability to the
sell the shares through our share dealing service nor will it affect
your rights to any entitlements associated with the shares (such as
dividends), which are due to you.