Ann: Annual Report to shareholders-GBX.AX, page-22

Here you go, I put it in simple a simple enough image (with nice bright red circles) to highligh what it is that makes this a dog stock.

I assume this is simple enough for you to comprehend.

If you actually want more detail, read all the announcements in the past 9 months as well as looking at all the work that GBX has actually done in that time.

Oh I have no doubt you are looking forward to the $0.002 cap raise that's coming, along with no work. Just filling the pockets of the directors $$$.

The only stock that's more dog than this is MXR.