Ann: Adherium launches new global brand Hailie, page-22

Things start to look very interesting, now we have enough cash to progress a stage or two. I have come onboard given the upgrade in the quality of the management, we now have the look and feel of a quality company. I bumped in to the pervious management (the firefighters that were brought in) and a member of the board a couple of times and it was clear after about 30 secs that they were not the people to drive the business forward, always loved the product and the need is obvious but happily that those few encounters saved me a pretty penny. Risk/reward is looks good from here. I am not too worried about propeller, this is not a winner take all market. Even with only a 5% or 10% market share we will make many multiples of the current share price.