Ann: Quarterly Update and Appendix 4C, page-9

We've been here before "pipeline" "significant interest" "we anticipate" "sucessful trials" expectations of finalisation" and MOU but no bindng contract still, so but nothing solid except a capital raise with share price at pre-suspension level. Can't see SP moving till mid Dec, wondering if it will have a full subscription, and if any longer term holders will buy in (again) given past experience.

The only thing that has increased is the optimism rhetoric matched with debt, yet there are no supply contracts locked in to back it up. I am not 100% sure if that is a strong buy indicator. I am sticking to a hold, wait and see till we see some deliverables to all the enthusiasm