Ann: Successful Research & Development Application, page-2

With this refund, we are under cash backing

originally we had 200M shares, market cap of 1.2M-1.4M, with 555K cash. Then 1.5M was raised at 0.8c, and SPP raised 333K, should have 2.388M cash.

this refund adds another 900K makes it 3.3M cash!

the raise and SPP adds another 200M shares to the register, making PLC’s total share on register to be around 400M.

at 0.6-0.7c, our market cap is between 2.4m-2.8M which backs my claim that we are under cash level.

The expense this quarter should be lower if taken into account, nicely leveraged if getting in around 0.6c-0.7c level!