Ann: Appendix 4C - quarterly-AJX.AX, page-77

I know it's a long term'er, but I'll be reducing my exposure to AJX on the basis of this 4c.

Full of jargon and fluffy percentages which create no narrative to how the company is building. Cash growth so important to me at this point to provide some confidence that there is something behind all the smoke.

The only thing that is clear in this ann. is that the company is softening us up not to meet target of $18m for 2016.

"This release contains forward-looking statements that are based on current expectations, estimates and projections about Alexium’s business, management’s beliefs and assumptions made by management. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Except where required by applicable law, the Company expressly disclaims a duty to provide updates to forward-looking statements after the date of this release to reflect subsequent events, changed circumstances, changes in expectations, or the estimates and assumptions associated with them"