Ann: Trading Halt, page-10

It's very difficult to raise money when the previous promise from the top was to make 30 buoys and have them floating in the water off bunbury. Cut to more than a year later, and despite what you guys are saying, there is still that baggage tied to the company.

Don't doubt Stephen Rogers - he's very experienced and capable. The problem is, despite the change of guard, raising money is hard to do when you've got history hanging over you. The recent team have actually deployed and retrieved a buoy successfully - and proven its capabilities.

Also don't forget that Protean's previous share price has been reflected by its mineral wealth in Korea. Uranium has tanked from $140 to roughly $20 today - which is compounding the share price story.