Ann: CETO Update, page-8

Well said JRD. The ABC spotlight forced this announcement otherwise we would be none the wiser.

They continue to confuse everything and most of us.

What has the proposed changes to the Federal Government's R & D Tax Incentive Scheme got to do with drawing down $5.25 mil for the first AWEP project milestone from the State Government to continue the project ??

As I have said many a time, this Company's existence appears totally reliant on Grants from State & Federal Governments, Tax incentive schemes and Shareholders equity.

Given the Company's announcement today ( note that the ANNOUNCEMENT HAS NOT BEEN SIGNED BY MO OR ANY OTHER DIRECTOR which is very unusual) and reading between the lines it would appear that the AWEP will come to a grinding halt if there are any changes to the R & D tax incentives scheme . But they have funding from the State Government to draw down (which they did not draw down by the scheduled date??) and they raised funds from SH recently for this project --- so what is he effectively saying ????? Is this announcement a masked prelude prior to hitting the proverbial brick wall ?? or a softening up process for " the requirement to seek additional funding " from SH ??

Otherwise why are they trying to LINK the viability of the AWEP with proposed changes to the R & D tax incentive scheme ??


Smoke & mirrors & very clouded announcement, as per usual.