Ann: Consolidation of less than marketable parcels, page-18

No surprises there agpigsy. Poor results and revenue numbers were already known since the quarterly announcement back on the 24 jan . Shares have fallen since then from 11c on the back of the poor sales numbers and reliance on grants .
with no decent buying around the sell out of the unmarketable parcels is going to be difficult without trashing the price even further. Management should have considered this beforehand you would hope.
ceos commentary was very negative to me. He did mention they were in conversations with major partners for development and expansion in China operations but I’ve heard it all before so until something actually happens and is announced to shareholders it’s just more of the same . It was only in December for the capital raising the comments were the Chinese subsidiary is growing significantly and the potential to grow is significant. Today’s comments are deflating in comparison .
market cap of around $18 mill with $5 mill in cash is extremely low but deserves to be based on what was dished up .
stuck with the balance of my holding and whilst always hopeful of a good re rating announcement and it will only take one significant revenue deal to do so I do wish with hindsight I never stumbled upon the fleas I now have .