Ann: Quarterly Update and Appendix 4C, page-3

It was a marvellous bit of management to be able to earn revenue at less the rate that you spend it, then to sell that business for peanuts on an IOU for payment three years later, to be left with no revenue and yet still retain liabilities for the business you gave away.

You couldn't write this stuff.

The story just keeps changing. Now it looks like they're pinning hope on LP90 as the main revenue driver!

I don't know what to make of this. There has been either unbelievable levels of incompetence, or criminal trickery.

I don't know who's primarily to blame. Skinner has come in as CEO of a listing boat, but he's not new blood in the company either... So was it Maslin? Cole? Albany?... Someone needs to be investigated for the monumental levels of misleading shareholders and false guidance over the last 3-4 years.