Ann: Appendix 3B, page-13

Nonsense. As far as I can tell they survive on Government grants, they haven't burnt through that already have they? They wouldn't need to constantly raise capital if they didn't annihilate their own cash reserves and at least tried to break even. In the last 6 months report they used over 2 million dollars to make 37 thousand, what a hopeless lot.

Further more your description of my person or how I would behave under other circumstances hasn't addressed how the company is going to have a capitalisation of 45 million and maintain the current SP. Even if conversions roughly equal around 4.5billion shares that still leaves an SP of 0.01 (calculating current capitalisation). I didn't decide how maths works, but there it is and that's how bots think.

If the company wants working capital they should get loans outside the small shareholder base, try to negotiate a favourable interest rate of less than 10 percent, start some kind of production to repay that amount, advise the market of sales, cut executive salaries by half and perhaps even sack some of them.

Stop the cash burn on punt road and stop pretending these chaps are doing a bang up job.