Was also going to poist this from the quarterly:"4. Corporate...

Was also going to poist this from the quarterly:

"4. Corporate Activities
Carnegie is the Southern Hemisphere licensee of the CETO Wave Technology which is owned by Renewable Energy Holdings Plc (REH). Carnegie’s technology license allowed for Carnegie to spend up to A$10.3m (₤4.75m) on the development of the CETO technology and in return receive the exclusive License to own and operate CETO Wave Energy projects within the Southern Hemisphere (excluding Ile de Reunion).
As previously advised Carnegie has substantially completed its development spend obligations under the license agreement. The outstanding amount of ₤1,000,000 is to be
paid by Carnegie during 2009 in either cash or shares.
During the quarter REH took back over funding of the CETO technology development significantly reducing Carnegie’s cash burn rate, the full effects of which will be evident
in the June quarter cash flows."