Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

Zac, I received my shares @ 20c per the spinout from Vulcan, and at the time I applied for a larger allocation and got it. Offloaded some above $1 and free-carried the rest, but as this increasingly veered back down towards (and now well below) the 20c IPO price I have exited completely. The performance and progress has been underwhelming even before the sector downturn, and I don’t rate a couple of the directors very highly, one in particular who in the intervening period has contributed to the wreckage of two other ASX listed companies I also invested in. I am also not sure what management here does all day.

Agreed re Next Investors - I am not a subscriber nor fan. I am surprised ASIC didn’t pay closer attention to the outrageous pump that occurred here shortly after IPO because somebody’s mates surely did very well out of it!