Ann: Full Year Statutory Accounts-CWE.AX, page-2

not particularly happy about "employees and director expenses" at " 3,002,133" up an extra 900k (ish) from 2015 when sales hasn't really warranted that. need sales to raise by largin portions for the next 5 years than employee expenses or else really what the point of selling 200'000 if expenses are going to raise by around a million each time..... looking at the numbers i can derive two things (IMHO)

1. Lucky we have grants and subsidies supporting us and not finance.
2. Realistically i need too see sales growth rate rise by larger ratios in the coming years in order for this business to fully work. my major concern in looking at this is there is already questions on how expensive the tech/facilities will be once (at this rate, if ever) CETO is commercialised (effiiciency and output questions in my own mind) but if the staff expertise is also expensive will the model for the business work.

i know its been said a billion times but need to see some commercialisation steps being taken in 5 years.

Im still a hold but a hesitant one at this stage.