Ann: Quarterly Activities Report & Appendix 4C, page-248

So this then raises the question about a future capital raise and a share consolidation. If folks want to see a ten cent share price, it might happen faster than they anticipated. You cannot keep burning cash at this rate with the market loving you unless your name is Amazon. All the gold stars given to Adrian have been exhausted and unfortunately you only have the strict honesty of the 4c's to work with. Therefore, it will be a very lonely 3 months coming up in my opinion. Timing could not have been worse and your punt at 1c might come to fruition. But then you ask, could it go even lower? We have read the valuation models posted here by punters on other companies and it is sombre reading. Press the 5Y button on the right and the picture is not pretty.