Ann: Market Update - Progress Report, page-176

I see a lot of conversation here about capital raisings ... it has been discussed as-infinitum. And yet, in the five odd years I have been here I have only seen internal funding utilised (mainly from Fred). He seems extremely reluctant to dilute this company.

Is it possible that AKP could actually achieve commercialisation without going to the market? Could it be done by only tapping the soph investors already here, or with debt? I really have no grasp on the amount of money that would be needed to achieve commercial sustainability here and wonder if this is not the line that is being taken by the board.