Despite Doug's assurance that there were no plans for a capital...

Despite Doug's assurance that there were no plans for a capital raising I can't really see any alternative with a total equity of minus $6M. The market seems to agree if you look at today's closing bids and offers. I think the only way to raise sufficient capital to carry the company through the next 6 months would be a substantial placement which would be highly dilutive considering the current SP. However, despite the questionable financial situation, the Company's prospects look good and make it an attractive takeover target.

I did get back in @15 cents recently but largely due to the auditor's "going concern" provision have decided to bail out and wait on the sidelines again. Pending a capital raise I can see an opportunity to get back in at between 10 and 12 cents. Unfortunately, over the years/decades I've seen and invested in many companies with fantastic products but they have failed because of lack of capital to get them through to profitability.

Just my thoughts for the day and, considering my poor investing record, please make your own decisions.