Ann: Appendix 4C - quarterly, page-22

This and other promises have failed. We were also told of a new chip coming this year, instead LumiMEMS has been put on hold, and where is the new chip?
I cannot believe that an IR spectrometer the size of a shirt button has not been snapped up globally by the smartphone/smart devices sector. Either their market strategy is all wrong or they are so scared of piracy that they prefer to keep our technology secret. The longer it takes, the bigger the risk we lose out to someone bigger and smarter.
They will cap raise to sophisticated investors, hence the preparation of an investor presentation.
Be prepared for big dilution and volatility, I see PSY going lower yet.