Ann: Emefcy New York Roadshow Presentation, page-50

Fact is that emefcy isn't generating any reliable revenue. Not now, and not any time in the near future. Emefcy is propped up by venture capital and capital raising. With no revenue and increasing debt, emefcy is going down, and will continue to do so for a long time before going back up - and that's only if they secure new business. That's a big 'if' for a lot of smart investors who'd prefer to play it safe until emefcy can prove that it has a viable business. And until that happens, expect this downtrend to continue.