Ann: 1PG Quarterly Commentary and Appendix 4C - 30 April 2016-1PG.AX, page-51

Another one bites the dust. Into the fire pit you go along with QFX, RFN, RNT, etc.. Those who bought into the CR at $4.50 got an absolute lemon!

Staff costs almost doubled in the most recent quarter from $1.1M to $2.1M. I doubt the head count would have doubled from the previous quarter. This company is set up purely to line the pockets of its directors.

$2M spent every quarter on "research and development" also looks dodgy!

At least they increased revenue from $75k in the previous quarter to a whopping $94k in the latest quarter ;-)