I particularly like this bit from pg 8, not picked up by anyone...

I particularly like this bit from pg 8, not picked up by anyone = amateur hour...

"The Company’s share capital was reconstructed on a 1 for 200 basis during the year, with the reconstructed shares commencing trading on 7 December 2017."

LOL, just cut and paste every year without checking for accuracy. Slack auditors for allowing that..

Other highlights...

"significant delay in industry partner engagement"  pg 5

"The board has undertaken an external strategic review to advise on the most effective market opportunities for the proprietary technology and the most effective means to take the very successful prototype outcomes to large scale product development and manufacturing for consumer and industrial market solutions." ...
.. So the company is no longer working with the industry participants they announced during the year??

No mention of either the names they claimed to be working with in prior announcements... Hmm

"The Company continues to cultivate relationships with key OEMs in the air and water purification sectors/markets. A strategic engagement plan for key industry partners is being rolled out to more effectively deliver co-development support and market traction."  pg 6.

FFS, talk about spin.... In other words, we don't have any contracts with anyone to sell anything, so we are trying to find out what it will take to sell some of these white elephants.

I can hardly wait for the usual suspects to put up their spin on how positive everything is going..

Debt now being raised to $3m from Somnio from $1m, total assets of company $140k.