Ann: General Meeting Presentation by CEO , page-23

Bit harsh Metro. Firstly Kiril has succeeded in unlisted companies. Where do you think he got his money from to invest? It shouldn't just be about ASX listed entities.

Secondly he joined the board after the carnage. But admittedly invested at much higher prices. So he did back a loser in that sense. But who hasn't?

Thirdly, who is better to judge ISN business model. RIO? A successful company with nothing in common? Or Kiril who can see direct comparisons with companies he has been involved with and doesn't like what he is seeing?

The models of the two companies are actually quite similar in lag time. Accumulated losses. They are both tech/IT companies in many ways. In other ways, not. ISN is consolidating. INT tried and failed but possibly only delayed the inevitable consolidation. Bergen versus LaJolla. Huge similarities everywhere...High salaries. Oh but I forgot, MT blames Naom for it all. So it's ok?

Another key similarity is cash burn and low market cap. Company destroying. Surely everyone can see that. If you want to burn more than your market cap every 12months then expect to be diluted to hell. So the technology better be darn good to make up for that.

The release date is disappointing considering these facts.