Ann: NXR increases its interest in Security Biometric Technology, page-5

2c has proven to be strong support and recent small placement shows this is the level at which they will raise further capital at if they do but there's actually no immediate need for cash

the $625k we paid to exercise our 2nd stage farm in and take us to 30% in WBT goes towards WBT taking the tech to Phase 2 prototype stage so WBT are funded to the next phase

So apart from office overheads which are running at $100k-$150k a qtr NXR has no real need of cash and the recent small raise should cover NXR through this qtr to Dec

What they should do is sell off the mining assets even if its for a few hundred k as this will cover qtrly admin costs as WBT progresses the technology

Next big funding requirement is option to go towards phase 3 which will cost $1m to exercise