Ann: Appendix 4C and Quarterly Activities Report, page-61

Excellent post. Exactly what I've been trying to say. Anyone with experience in investing can see this company is cleverly operating to enrich management at the expense of shareholders. So much fluff and hype (as is often the case with small caps that do lots of releases via non-ASX channels, and very few announcements through the ASX platform). They've actually been very smart indeed - created a great narrative (despite the various management changes and dreadful lack of sales) and managed to issue oodles of shares to themselves and pay large salaries. Then there's LDA Capital - no reputable listed company taps a US loan shark for funds rather than going to the equity markets. I don't even know where to start with the red flags on this one...