Ann: Appendix 4E and Financial Statements , page-2

What a report, the company loses $4.2m same as last year only the number of shares on issue has more than doubled.

Revenue was cut in half to $5.4m a tad shy of the $18m they forecast last June.

Oh and don't forget the directors and executive officers issued themselves approximately 56m options at prices between 5.3 and 5.6 cents for their wonderful performance.

Management is rewarding themselves at shareholders expense in a manner completely unrelated to the performance of the business, shareholders should be disgusted, but of course they aren't because the stock price is up. Be careful what you wish for