Ann: Appendix 4C - quarterly, page-4

yes there’s some great news on here...

The last two days have pretty much been red days for us - not such good days to release into - posting it now at least is before US opens and where investors are more receptive - I think anyway.

whats great is the 8.8 mill we still have in the bank

Financial Update

As noted in the accompanying Appendix 4C, the company’s cash position at 30 June 2020 was AU$ 8.8 million.

The company invested AU$ 2.1 million in research and development activities during 4Q FY2020, and incurred G&A expenses of AU$ 0.7 million.

These figures imply that approximately 75% of the company’s expenditure is devoted directly to research and development, representing a very high level of operating efficiency.

i would agree with this statement - let’s see how the US performs tonight should be green as well if so we will follow later