Ann: Appendix 4C - quarterly, page-6

Agree totally S70 - only about half the estimated funds needed avail i.e. 270k of 500k. This is an immediate issue, given that we are now a third of the way through the following qtr - where will the money come from, and quickly at that.

Institutions have long been a hope of the co, but there appeared little interest during the last CR. Does this mean the end is nigh??? I certainly hope not given the traction starting to occur, but funds are clearly needed urgently. Where will these come from??...Pt