Q1 - We are continuing to conduct user trials for Coldry solid...

Q1 - We are continuing to conduct user trials for Coldry solid fuel, char and biomass solid fuel. We don't envisage any material contracts to be locked in prior to developing the upgrades program towards commissioning. In signing agreements for off-take requires the obligation to deliver the product which isn't financially prudent to commit to until we have a better idea of when we will reach capacity for each of the product streams.
Q2 - I suggest you read the prospectus. A lot of the monies raised is to be directed towards capital improvements (not operating cashflows as you indicated). This capital investment is connected to forecast earnings, which will then provide for future working capital.
Q3 - We've been a technology development company over those years. Its unrealistic to look back and assess performance by historical revenue. We are now entering that phase of our corporate life, so going forward your assessment is quite valid.
Q4 - this year we will demonstrate how we can make money from the application of our technology.