Ann: Appendix 4C - quarterly, page-73

The problem you have with ajx, is it's not a new player in the industry and alot of companies have tried the products, so it's mature, not a start up anymore. This far along in the investment cycle, a disruptive product should have growing sales with growing profits and margins. Ajx has the reverse. The market clearly doesn't like the products, as no one is really buying them.

So this talk of giving companies a go that aren't making profits is fine, but you can't hang on for ever. The company got into debt to increase momentum, and shareholders sunk some serious coin via share placements to attack the market and grow significantly. The market response has been luke warm to all that investment, the products haven't taken off