Its amazing what constitutes a financial and activities report to shareholders....that is bordering laughable.
In essence that quarterly report could be phrased " Yes we know we are in a bad position and nothing is happening, but we are trying hard to do something(?) ....but we dont really want to talk about it..thank you"
Yep?!...and we invested in this?!!!!!
nw
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Ann: Appendix 4C - quarterly , page-2
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