Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-21

After all this time they have finally admitted that the chip does not work.

They have admitted explicitly that the chip suffers from high frequency noise but mercifully the sound level is so low that the noise will not disturb anyone.

They will not demonstrate it to shareholders. They have given up on demo boards. There will be no sales. EM have demanded A$586K before they will produce any more chips.

My prediction is that the next announcement will be the departure of Danny and Yuval from the company.