Ann: Appendix 4C - Record quarter delivers 245% YoY growth, page-17

Yeah that's strange. I don't know why receipts are down for the quarter even though ASR is up overall. Must have been alot of discounts or accounting irregularities recently. Perhaps some deferred revenue too.

Also, not sure where the $3m tax refund has gone. I would have thought they would announce that at the end of last year. Hate to think that's not valid anymore. It must be due soon.

It's obvious another CR is coming soon, that's why they released the investor presentation. The fact that it got sold down at the end of the day suggest it's been shorted by sophisticated investors who probably know they can rebuy in cheaper in an upcoming CR. Will check the short list tomorrow to confirm.

Hate to say it, but perhaps the market got ahead of itself. It really needs a cornerstone investor to come on board at a significant premium, otherwise it's going to get manipulated by the sophs. As long as they offer another SPP to retail investors again I'll be happy.