Ann: WAK Secures $7m Placement, page-6

Obviously you guys have been away for a while ! There has been a fair few delays sadly, the plant being unable to produce the small particle size demanded by Stanco and other buyers. They have found a solution, however the machinery is not arriving till end of year and hence, some extra cash is required to get us through till until then and production can finally properly ramp up. The company still has the great long-term potential just a shame to see such long unexpected delays and dilution to the stock. Atleast a large amount of the additional funding has come from management and partners like Stanco which shows confidence in this long term goal.