agm date, page-19

Im sure all of this is just a stop gap at current price to avoid placing huge number of shares at discount. If this gets up to the 5c level without a major licensing deal just watch them hit it with a cr then. Robbing peter to pay paul at the moment. Seems doctor Watts has taken off to the UK and floated off phenomica over there so he can continue his interests. Meanwhile Nick has been left to sink or swim with the phylomer library. His job seems to be to sell it and get a deal. If he fails it seems he will take the fall while everything else has been seperated off conveniently for other directors. Its all or nothing for Nick it would seem now. The only possible outcome is a license deal, anything else and this will just die quickly or slowly depending how many times they can get more cash.