Ann: Quarterly Activities & Cashflow Report Sept , page-21

re: Ann: Quarterly Activities & Cashflow Repo... Hi 123enen,

Thanks for the quick reply.

Obviously you are feeling in the same way that I do with this ongoing saga. And I have to say that what has happened has practically knocked the wind out of my sails. (And no AKA, I am not a sailing man either.)

Like you, I keep on saying the same thing. And that is that production will have to increase dramatically if we are to be getting anywhere. Not just a couple of shipments a months which won't even cover the Administration costs, let alone all of the rest of the expenses. (By the way, unless I missed something, last quarter we haven't even being bale to keep up to two shipment per month. We have only made 5 shipments in total).

Now, what was the target of shipments that we set out to do for the quarter.??

We just can't continue issuing more shares to cover what we need, and IMHO we have to start trimming some real fat that is hanging over us. I think that we can define that as being obese.

It is ridiculous IMO that a company the size of ours is spending a hell of a lot more in Administration expenses than what a company 50 times the size of ours does. The problem is that the orders are coming down from people that have spent a lot of their lives working with some monstrosity of a company where money is not, and never will be, a problem. Horses for course as they say mate.

One has to be able to live by his means, and has to lead by example. Nothing is surer.

Cheers mate,
Buddy134