Ann: Response to ASX Query Letter, page-24

No I don't still believe EM has their own fabs - it just wasn't something I had been aware of prior to this ASIC Q&A - I had missed your pointing that out Uncle Joe.

To my mind it doesn't change things a great deal - I and many others have always maintained this is a binary stock - it'll either fly or sink, there's not really anything in between those outcomes (possibly a sale to a third party where we get a luke-warm return well below our wildest dreams...). If the tech works as promised the market forces will quickly get the fabs in line - or replaced, if it doesn't we're left with peanuts. Fingers, toes, limbs crossed...