Ann: Suspension Update, page-68

I have learned a lot from holding this company and will continue to watch this all unfold. I'm just glad I cut it loose at $0.15 for a 50% loss.

I agree with many comments above and this company no longer checks many of my qualitative check boxes anymore, and its looking even worse on a valuation basis.

IF they get funding, I think they are going to need about $8m to last them to break even which I think at current speed is only 2025. I doubt this is going to happen all at once, maybe 1m or 2m at a time if they can prove they arent a money pit.

In either case, i would apply a 20% discount rate to this for safety which would mean a share price of $0.0026, about 1/3 of what it is now.

. . . . Remember a stock down 90% is just one which was down 80% that then halved. . . .


I wish remaining holders the best of luck. . . .