As best I understand it - the funding from Harmony and those of...

As best I understand it - the funding from Harmony and those of us who changed the terms of our convertible notes is through to mid 2012 - the other funding that came after the Filipino fiasco has now been replaced with a slightly better deal which provides cash as needed in return for further equity dilution.

The last few weeks have seen a significant rise in the ADR price - now reverted to 'parity' with the Aust sp price. It is possible this price disparity was related to a tender for US DOD which required a certain level of equity to meet US DOD rules regarding capacity of small biz tenderers to carry through awarded contracts without 'bailout' by the US govt. This explains the focus of the bashing on the Y board on the financial condition of the company as their raising of long solved technical issues can be easily rebutted at committee meetings.

Given all this it is likely that the future of this coy will be determined over the next twelve months - if no production contracts of sufficient volume to do not appear then the coy will become insolvent - in that circumstance the only thing left to sell is the patents themselves, which will be sold to satisfy creditors and staff -we the shareholders option holders and convertible note holders will get nothing.

so 2010 2011 is the critical FY year - so as i have for many years now I have I hold I wait.