Ann: Quarterly Activities Report and Appendix 4C, page-6

Because until they start to turn a profit the possibility of another CR and further dilution is on the cards. They've reduced costs but are still operating at a loss. Spec stocks seem to have a habit of bleeding. if you wait until they start to turn a profit you eliminate a lot of risk. The risk to reward ratio of waiting is worth it. I've been watching this for 2+ years waiting for the right time to buy. That's just my personal approach though. You can obviously have you're on opinion