Ann: Appendix 4C - quarterly , page-2

I quickly looked at the cash position and was surprised they reported over $500k in cash.

When one looks closer much of that came from R&D tax refund ($364k) and SAIF ($42k), capital raising (about $300k) & RECEIPTS FROM CUSTOMERS OF $2K!!

At current cash burn this seems to give them a few more months on life support.

As told in the newsletter it is pleasing to see all the activity traveling & finding new partners and hosting visitors to the (non producing) Walkerman facility.

Till the next qtrly report.

Don't hold your breath!