Ann: Appendix 4C and Notes to Appendix 4C, page-6

I am very disappointed. My prediction that the costs will far outweigh the revenue was correct. Total costs of almost a whopping 4 millions against a revenue of just above 2 millions dollars is disturbing. This way the company will never be profitable. I have always said that the management needs to respect money but this culture or warning is never taken seriously.
Unless the management seriously sits down and start looking at ways of reducing costs and takes cost reduction as their number one priority and stops behaving as if it is a billion dollar entity, we are heading towards a total insolvency.