This has been a research and development operation for the past 10 years. It has not been in the business of operating but in getting to this stage of commercialising the graphene membrane. As at 31 Dec 2020 the company held $1,639,189 in cash and cash equivalents and wages have been at a minimum. I'm not sure how you arrive at the conclusion that the the company has a lengthy track record of failure and that it is an absolute dog. Happy for you to provide any facts to support your argument.
Ann: Demerger Booklet, page-25
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