Hopefully there are those that took heed from my posts last...

Hopefully there are those that took heed from my posts last year.

This company never made any meaningful sales 'out' of their green product. Their 'desorption' process was fundamentally flawed from day one.

They resorted to collecting tyres, chipping them (a large part of their latter capital spend was for this equipment) and sending to QLD landfill to generate cash.

They were never anywhere near cash positive and were propped up for the last two years by ambit R&D claims from the ATO.

Without these they would not have made it to their last two capital raisings.

Clearly the latter did no due diligence and believed their spin also. What a waste of taxpayers money.

Cash is king, their quarterly statements said it all.