Ann: Quarterly Activities & Cash Flow Report (Appendix 4C), page-6

If there was no govt grants/tax incentives, LBT would’ve been trading insolvent. Speaks volumes of this management’s financial acumen. Now they’ll wait until money runs dry and then beg for funding on their knees. It’s all written in the narratives since 16 months, one delay or failed promises after another. In a super buoyant year for the market the sp has tanked and gliding on its belly. I won’t be surprised if the next CR will be at 10 cents. Hope the massive losses by some will be eventually recouped within 2 years.