Ann: Update on KALiNA Energy Centre Saddle Hills, page-59

They are starting to get close to that. The industrialisation claims simply have no basis in fact. In 6 years they have deployed nothing, it is literally just vapor as the bulk of their claims are. They have bid on a single sands project that I know of and got beaten because they were too expensive, they cannot compete commercially with the rankine cycle by the look of it, which means their designs which took 6 years to create are too expensive or too big in comparison or both. I don't believe they have bid on anything else, they said they were going to bid on a geothermal project but then went silent as they usually do.

They have the dream job in that they do next to nothing, never deliver anything and still get paid. Not a single deployment since Ross was put in charge 5 years ago.

My vote is exit the management and sell the assets of the business to someone that wants to use them.