$2.1m debt due to be re-paid on jan 2, page-39

Raising capital and share placements at half a cent has been the straw that broke the camels back for me.

If possible, can anybody please give us 2 examples of companies that have raised capital at 0.005 and gone on to be successful ?

Do we now expect a miracle to rise up out of that ever expanding robust pipeline. I'd like to know what the pressure reading is in it at the moment.

One revenue producing embedded network at the moment. We have been told by Director's four new embedded networks coming on line to actually produce some well needed cash.

No update from them about something very significant. One network making cash to five. Even in that last paragraph where the states were named. A sign of pressure maybe as the locations were not mentioned at the AGM.

Director's are under the pump. When the opportunity comes to communicate to a Top 20 holder like kiril and others they pump them as hard as possible. Kiril is unique in this respect as they know he posts on the most read forum in Aus.

Has anybody ever wondered why mljet has been so critical for so long. For a start he reacts to fundamental results or lack of which canot be successfully argued against. Secondly he attended this mob's first AGM and as the most keen holders do wait to personally speak to Director's after the official meeting has ended. Director's then do what they do best pump these holders. The first thing to do is to identify the tact to use on each holder. IMO in mljet's case it would have been earnings and time frames. These earnings have never occurred thus far in fact the opposite has happened.

On another note, we have a verbally enthusiastic Chairman Mr Andrew Plympton who has numerous business contacts. The fact is we have been told this. I have heard this said, that is a fact. Has Plymton bought any shares at this pitiful price or is he waiting for .005c. Wait a minute we have 2 significant contracts just around the corner which possibly will produce a sp re-rating. Wait another a minute he's on the board he knows what's really going on and knows he has time on his side, there's no need to hurry.

The dilutive effect of raising cash at .005c is gut wrenching. I truly never thought I would see that day ! ! !

And Director's said more than once we do not require a capital raising. They are no better or worse than any other mob.

Kiril can sing their praises until the cow's come in. And he reckons I'm the nuffy. What a joke ! ! !