Ann: Shareholder Update & Appendix 4C - March Quarter 2015, page-18

The money was always to cover expenses and buy more time for the 'hope' of a big order. I think UPS and Poste Italiane will fail to materialise and we will be left with a bit more from Singapore and Malaysia (certainly read the release that way). I expect they are having a think right now how to rejig their resource and development effort away from such a big focus on postal parcel lockers. Why we need 3 highly paid executives (of which two are 10-15 hours per week at best) running a minnow is beyond me. Integrity is such a missed point in many small cap stocks.