Ann: $2.5m At-the-Market Facility Raise, page-46

Yes the cash burn was a concern as DD was attempting to put an experienced team together to turn LKE into a multinational company of some significance but when he took over the price of lithium was near $70. It is now under $12. Hundreds of staff members have been let go and the surplus Miami office was sublet. Any day now we should see what these measures have done to the cash burn. I would like to see them sub let the Houston office and an executive pay cut (voluntary of course) would be nice to see. We are paying a CEO $1million pa to run a mothballed company and a CFO $500,000 to manage the finances. The board could be reduced to the statutory minimum and the company run out of the Sydney office. These are measures I expect from a team focused on cost reduction.