Ann: Non Cash Impairment, page-93

Guys the company is not in as bad a shape as the SP suggests, the issue here is the market sentiment, which is non existent.

Currently with liabilities and MC the co is valued @ $0

Those who have been around should know this is not the case, we should be able to expect positive cash inflows over the next few months and for the final March 4c, which will hopefully see close to $1m in the bank and some of the inventory sold through.

There seems to be a lot pinned on downlight being a success and if it is a genuine bright and close to market leading product at a reasonable price, it should help.

If insolvency concerns are off the table, this should get back to a reasonable price reasonably quickly, so there is a period currently that represents a high risk/ high reward trade. Technically this could get back to 2c in the next 3-4 months.

Hind sight is a wonderful thing, but wish I had dumped everything @ 1.2c and buying in now to recoup the loss. But that would have taken a big set.