Ann: Company Update, page-90

Revenue is unfortunately just one half of the picture. $2.5 million in revenue isn't much if you consider Legal expenses over $900k with no mention of reducing them, Cost of Goods Sold of JCT, wages, directors fees and benefits, a lazy $2 million in consultancy fees, we are still leaking money faster than a sieve leaks water. Even a positive Ann now is still likely not going to be able to prevent another CR in another years time. Considering the CN debacle, the market is needing XPED to rebuild its credibility and that isn't going to happen overnight.. needs more licensing DEALS, not MOU!