Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-10

When RAN first went public the Prospectus had an impressive list of experienced Directors, Bankers, Legal, Finance and X Chip executives.

The IPO was a roaring success. They then spent money on the best advice possible, internal and external. Spent millions on building the best production machinery possible. Purchased land and built factories.

It's hard to now believe that the journey has ended up where we are today. Yet, with the right strategy this company should have been very successful.

it's sad indeed. I'm guessing that the ASX will have something to add over the coming days.