Ann: Appendix 4C September 2018 Quarter, page-36

Hi Uncleapl

"Not sure that at the current rate we have about a year left. We currently have $3.6m cash on hand."

My reading of these blokes is that they are not going to sit around waiting for our revenues to grow. I'm inclined to think that the need to get closer to the customer means that they will be looking at some sort of joint venture, that they have already started discussions with prospective partners, and that any joint venture partner is going to expect us to put in the technology and a meaningful amount of seed capital as well.

That $3.6m is going to start reducing at a faster rate than our current cash burn, so "Yes, we are going to raise capital sooner than most people expect."

All of which is going to raise the next question which is  "What do the new Board members see as being their long term position?" and "How will they get there?"