Ann: Appendix 4E and Audited Annual Financial Report, page-3

Financial Highlights

1. Revenue $291,000 last year much the same

2. Expenses $3.9million

3. Loss $4m

4. Salaries $500,000 ( Excluding free shares/options)

5. Cash $1.4m

6. Inventory $12,000 worth of Turbines on hand?

7. Loss...... $3.5million Great!

8. Share based payments to directors $885,000 nearly three times revenue. What a joke?

9. BONUS The CEO even got a bonus for delivering a $3.5m loss. Another joke?

10. Proceeds from equities issued $3.5m Where would they have been without capital raisings???



Conclusion

In other words the revenue does not even cover expenses nor salaries nor anything else does it????

Another capital raising around the corner if they want to develop a new range of products and actually produce them.

I like the highlight that Revenue was up by 100%. 100% up on NOTHING the previous year !!!!!!!

Leave it to others to see thru these accounts.