Ann: Reinstatement to Official Quotation , page-20

They have made money, just not enough yet. They haven't had enough capital to expand production enough to make profit yet, but yes progress has been too slow. Hopefully this review trims the business and allows them to be cash flow positive, If not they should sell it to someone else with enough capital to make it a money spinner.

It's a fair whack for one person, and he's obviously very sure his money is safe.

I did think they would fold but there's life in this old dog yet, let's see what announcements they make short term.