Ann: Quarterly Activities Report and Appendix 5B, page-2

Amazing stuff what was old is new again, regurgitated rubbish and the talk fest with interested parties/ strategic funding partners continues unabated!!

$12k at the end of the quarter with $231 left of the loan facility ($1mill @ 12% pa) from PAL plus the $1ook from the unknown donor/speculator/mug punter giving a grand total of circa $340k for the 6 months till June. It also appears that there has only been 1 loan interest payment made of $12k in the 6 month period so they are accruing interest on interest and what ever other unknown costs involved in the provision of the loan, did I mention the loan matures in circa 16 weeks !!
This is all my own opinion and is not investment advice.

DYOR My thoughts and ramblings only

Caveat Emptor