Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-142

If this was the case, it would have been great if the Rennie was honest about his thoughts made this case to everyone in the investors presentation for the last capital raising which was just completed only three months ago.

It is hard to take their forecasts seriously when it has not just been this time, but they have consistently failed to meet their forecasts, which is one of the reasons why the shareholders have been consistently been hammered with capital raises at lower and lower prices.

It is hard to believe anything the CEO says right now, if his credibility wasn't already shredded before, it has also been now burnt to cinders.