Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8

How has this been a get rich quick scheme? There are real deals with multinational companies being executed. Every founders dream is to go public, perhaps these guys were premature but you cannot exactly call this a lifestyle company. There not sitting on their hands and waiting for a commodity to become the flavour of the day so they can release historic rock chip assays. Have you looked at their website and product catalogue? Have you investigated the partners like Windstream and what their goals are with scout?

The reasoning behind the premium paid in directors placement is cloudy but same money comes in regardless and with less dilution. Con note holders agree to extension and added loan facility so its a win.

Plenty of risk with with cash burn and con notes so position accordingly. Market has valued it as such.