Ann: Results of Annual General Meeting, page-192

To invest in specs you need to cast doubt on everything, the spec end is 99% duds
You can do what your doing and just keep losing money dot joining in the absence of definitive knowledge

the irony of your questions is that you dont know the answer and your holding shares and asking me to explain why certain aspects of the last 4C are the way they are, again and you are holding shares

I would have called and asked point blank, and if they refused to explain to me where the extra $250K revenue went I would dump my shares, and I have done this several times in other situations where I was unsatisfied by inadequately explained details of various sorts in announcements

why do I think zero chance of a deal with revenue justifying current MC? because I have no reason to believe it. Trading is the opposite of the justice system, dud until proven otherwise, not innocent until proven guilty