Ann: Emefcy New York Roadshow Presentation, page-54

Everyone here, myself iincluded, is purely speculating. We believe in the well presented management, the progressive technology and its value to the market. We're taking a punt by supporting a company that hasn't even properly sold a commercial product, and hence has insufficient revenue to cover the money they're burning setting up production and international sales & marketing. They have one secured contract. One. Maybe two more contracts on the horizon. Maybe.

Thing is, not everyone is a believer, they're going to see the negatives without seeing the light, and support the negative sentiment building around emefcy until it has some legitimate commercial credentials.

And before youse start blabbing about their one and only commercial operation at Ha-Yogev and all the $uccess and $moolah it's racking in - it's only AU$380k, and no, I don't see this as a sign of commercial viability of emefcy because they haven't actually started installing the water system, let alone run it. Being successful at Ha-Yogev is like winning the special Olympics - you're still retarded either way because you've been set up to perform well in the absence of proper competition. Let's see how the real market chews up and spits out emefecy. This will be up to a year or more down the track, we'll all be watching this potential game changer.