Ann: Change of Director's Interest Notice, page-38

Don’t focus on gross cash flow - look at what remains after Corp expenses - the answer - about half a million excluding ad hoc expenses . Bring that back to a DCF in today dollars and it’s not much . The key here is they have no real capital or cash flow to do much without a big raising . For the last 3 years is been all about diary - now they are looking for new opportunities after having written their assets down significantly and blown what little cash flow they had