Ann: YOJ $2m underwritten SPP and Potential $1m Top-Up Placement, page-18

We should learn by now that superior technology is one thing , the ability to be in the right market and the ability to implement is another. You can say that FBR having robotics construction capability is superior technology but it may be technology ahead of its time as it too has no business traction. In that respect, it is my opinion that whilst SEA is a less competitive market, it is less so for a reason - the market there is not yet ripe to adopt sophistication and may yet take some time and that means more cash burn waiting for its eventuality which may never arrive. If If I was a shareholder (which I was before) I would prefer to see it launch in the more advanced countries (if its technology is indeed that great) because the contract could be larger and more meaty. Potential market of $1b+ is based on some assumption - I could say that Myanmar is a large market for shoes too because the market for shoes is still small - and why is it small? Because culturally most people there wear thongs, not shoes. But yes there is potential but may be that too is too hopeful.