Ann: Quarterly Activities and Cashflow Report, page-70

I am starting to have some doubts that this whole thing will turn around. The SP is basically on a slippery slope, and who knows where this will come to a rest. Lack of information and wild speculation definitely doesn't help the cause. I fear that SAS might end up failing to launch the first batch of 20 pearls, and because of that worry, I contacted SAS to ask when production of the first batch by GomSpace will commence, simply got told that such information will be provided via the ASX announcements, fair enough but that did nothing to allay my fears. I would have expected a rough timeframe, not the exact date. A bit of my confidence will return once a confirmed order is placed with Gomspace for the first batch. I will only top up once confirmation of first batch production is received. Another factor for me is that if the SP downwards spiral continues, that will certainly lead to massive dilution that will scare off potential takers should a CR be required to help with any launches. I am happy to be proven wrong!