Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8

My analysis is simple, I make no assumptions about what is reported but try to break it down so that my opinion remains unbiased. I invested in CCE purely from a speculative perspective and remain here as one day it may prove fruitful, I also ensured that I could afford to loose my investment if it went south but by the sounds of it you have not done your risk assessment very well. CCE has always been a very speculative stock and remains that way until the products are proven and commercialised. With regards to spending money before milestones are achieved there is no alternative, sure it is high risk but what option do they have, they have to keep pushing ahead.

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