Yet again we are being told why a disastrous set of figures...

Yet again we are being told why a disastrous set of figures aren't as bad as they look. The 2M "accounting adjustment" now the "changed revenue curve". I get the feel that these guys are not good at the basic business stuff. They may be good at business development, and must have a good technical background, but can they actually run a business ?

800K !! are you for real, I can't be as upbeat as other, this figure is consistent with a substantial drop off in business, which is consistent with their lack of announcements (still no new contracts in nearly 6 months). There appears to have been a number of projects delayed, but delays often lead to cancellation.

They don't expect a capital raising.... well most things that have happenned seemed to have been what these guys haven't expected. I am happy to be surprised but I can't see a cap raising being avoided now.