Ann: Quarterly Report and Appendix 5B ending 30 S, page-10

re: Ann: Quarterly Report and Appendix 5B end... Zed, your post is misleading on two accounts. Firstly we have a different board and management in place now, and secondly, here is what the overheads have been for the past five quarters.

Sep '11 Qtr: $0.21M
Jun '11 Qtr: $0.293M
Mar '11 Qtr: $0.354M
Dec '10 Qtr: $0.210M
Sep '10 Qtr: $0.270M

Average = $0.2674M per Qtr. It's hardly burning "much much more than 200k", as you tried to put it.