Ann: Thai Union trialling RePal pallets, page-26

They had US$2.2 million in cash at the end of March and they are spending US$1 million a quarter after sales. This should be enough to get them to the end of September, maybe further is sales pick up.

They should be in a position to know if the business is viable before then so I am not too worried about a CR in the immediate future. We should at lead know if Thai Union is on board before then.

Stephen did say that they are talking to a lot of different companies and that there should be a good amount of news flow over the coming months. Certainly RAN is risky, but if they are seeing tractions and picking up serious sized customers we should be OK.