Ann: Appendix 4C and Quarterly Activities Report, page-51

The only question that the 4C raised imo was whether employee wages are sustainable.
You'd have to be pretty cynical to think that this is a red flag of some sort. At a time when job security is questionable, i applaud any venture with the confidence and vision to recruit more staff in preparation for what may end up becoming one of the biggest success stories in the Aussie biotech sphere in decades.

To try and paint it as shortsighted is just plain embarrassing. To attempt to launch a major disruptive technology that will compete with some of the biggest brands on the planet with a tightarse budget would be laughable.

These guys cant seem to win a trick in the eyes of some cynics. They throw millions of their own into the warchest, grow their staff, sign deals with major companies, develop tech that is literally hot property, and still apparently they are being incompetent according to some critics.

I've held some stocks that were being managed with genuine incompetence, and this isnt even in the same galaxy.