Ann: Response to ASX Appendix 4C Query, page-62

It must be getting close.
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I checked the Australian TGA and as of today there is still no local approval for our Adapt products, and USA approval was not to be seen as of last week.... so there will not be any significant bounce in Adapt sales ... and hence by end of March (say 4 weeks) bank balance zero.
We might be able to draw down on the loan facility which was repaid with the recent CR but that is only approx another month taking us to zero in the bank.maybe end-April or sometime in May ... maybe the AGM will be used to get shaeholder approval(s) for sell-off(s) ???
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So yes ... getting very close. ... AND the Annual Report must be due soon ... containing all the airy-fairy blue sky waffle such as carefully wording the TAVR progress so that we get all excited about progress when in fact the large-animal surgical implants still have a year to go, after they are actually done that is, along with the millions of dollars needed.

It reminds me of all the blue sky around the vaccines years ago ... and now Fraser and Twiggy have run away leaving the faithful small shareholders with Chinese  "Investors" operating out of post boxes in the Caymen Islands really squeezing the pips hard when it comes to putting in the dollars promised.
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