Ann: Response to ASX Aware Letter, page-16

I agree @jogo. I think given their limited capabilities they should have just sold the lupin technology to someone that knows how to commercialise it instead of raising more money to keep burning. They may have got a better price for existing shareholders and even if they did a script swap we could have ended up in a much better company/vehicle to pin our future hopes on recovering our investment. I am totally out of this stock now and also finding it hard to justify buying back in at these lower prices. Just can’t see how their cash will last to get this business to positive cash flow. I still like the technology and its benefits if you can believe what management are telling us. Given their track record that’s quite a leap of faith.