Ann: Half Yearly Report and Accounts, page-10

Net loss after tax attributable to members after adding back the effect of unrealised foreign exchange gains and non-cash expenses (including share-based payment expenses) is US$0.84 million for the half-year as compared to US$1.69 million for the previous corresponding period. This represents a decrease in adjusted net loss after tax of US$0.85 million, or 50%, after adding back the effect of unrealised foreign exchange and non-cash expenses.

So basically without the outrageous share based payments to management (which won't be nearly as bad as this going forward) we are close to break even. This is heading into our best period of the year where we should be cash flow positive.

So am I right in saying your anger lays in the 3 million share based payment to management? What do you think of the business apart from this? Do you really think a company with 30 mill+ in annualised revenue, in the best retail outlets in America with near on 40 mill AUD in the bank is only worth cash backing?

And on your note of local fundies bailing out. I'll take fidelity doubling down on their investment over the locals who underperform year after year.