Ann: Appendix 4C - quarterly, page-7

I think a start up has every right to spend money. Why do people buy resource stocks? they can spend $10M on drilling to build a resource and then another $5 for a BFS and then need another $200M to develop a mine, but people find a reason to buy the stock.

An IT company that has spent the money, who now have a product ready to sell with no more big capital out lay interest me a lot more than backing a resource company looking to be a resource to then need more money to sell what they have.

The tech space is what people want and right now people are spending money on. they have listed with a working product ready to go to market. Easy to be pick on a small IT company but as I say every story has started somewhere. They spend money like any other junior ASX company and ask investors for me if/when needed. I just think they can get to market quickly and sooner rather than later turn those losses it big gains.

Not sure what stocks you invest @hoytaedwardo , but if you are new and only come on to look at IWG the other posts on HC talk about the same thing. Small resources are in this game you back a story they need more money if you have believe you keep investing, because you think it will work out.