What's the big deal, guys? Not sure if it is necessary to get...

What's the big deal, guys? Not sure if it is necessary to get your knickers in such a knot - like many (including my 'favourite' the all-important [?] opinion of non-stockholders) that are having fun and pot stirring in the current uncertainty. I know it is hard to focus when emotion takes over, but we have seen everything from abuse of Directors through to misreading paperwork to apparently claim there was $481 in the bank - er that was $481,000 at the time, you dill - through to claiming (wrong) a share consolidation has to be imminent now.

Yes, the situation looks extraordinary, but my (hopefully educated) guess is that it is - nevertheless - ahem - business as usual. So please - I know it hurts sometimes, but can we please THINK? For what it is worth (I could be wrong) this is my considered take at the moment:

1. A bigger player (probably ASOF) has picked up a bunch of shares (via note conversion after low AWVP) at 0.00009.

2. They occasionally drop them on the market (not visible in Commsec market depth) to sell at 0.0001 - thus making a handy 11% profit.

3. Given the size of the parcels, the majority of actual buyers at 0.0001 are probably small investors (0.5M, 1M, 2M, 4M, occasional 10M). Some of these could be long termers topping up, but parcel sizes may be deemed affordable by some day traders, or new players who will simply be hoping for 2x-3x their investment then get out.

4. Meanwhile, this 'dramatic' sell/buy turnover is only recycling shares among existing stock - it is NOT of itself causing extra dilution.

5. The source 'big player' selling at 0.0001 (see 2 above) might as well make 11% while they WAIT for contracts just like we ordinary shareholders also WAIT for contracts. Making 11% while one WAITS beats the socks off filling in time by playing space invaders on a game console!

6. Meanwhile, I believe the Company can calmly use the Dutchess facility (albeit then creating new dilution) as backup to stay alive until contracts are achieved. I believe the Company has another $19M or so available as required with this facility. If someone has more informed (not pub talk) advice on this, then please comment.

7. As a 'concept' - however extraordinary - even an extra billion shares dilution on top of say 4 billion or so (all up everything) is actually (THINK) a 25% increase in the register. If an individual shareholder requires to keep pace with such a dilution, he only has to buy another 25% on his current stake to do that i.e. if he holds 1M shares - needs to buy an extra 250,000 shares (new total 1.25M) to keep pace with this example of dilution. To spell it out with another example, if one only had 500,000 shares, an extra 125,000 shares (new total 625,000) does the same trick for that particular size parcel.

8. While current activities are perceived as 'extraordinary', I don't see that the current trading shenanigans have anything to do with the Company's viability. Not at all - IMHO as long as they can continue to use the Dutchess facility as emergency backup to stay solvent, then life goes on while we all WAIT.

9. That said, it would be nice if contracts materialised 'soon', and the ongoing dilution and uncertainty slowed or stopped. I note again that some important contract decisions are scheduled for April/May?

10. I don't have to remind you - this is a speculative stock. Remember - nobody owes anybody (especially the hip shooters) a free lunch. You have to THINK yourself and make your own call. Then (pardon me) stop bleeding and accept responsibility for your own actions, whichever way it falls.

Good luck to all.