for newbies (like me), page-29

To be fair, I was one who provided you with some cautionary insights - as perhaps you are trying to do with others here - but did so with a fair bit more tact. Sometimes it takes a merry-go-round before each subsequent person realises what's going on.

In any case, it's just staggering that they continue to spend such sums each quarter, with little directly going towards actual development. Anywhere from 60% (Q4) to 80% (Q3) of expenses are staff or admin/corporate, when you would think it should be the other way around in favour of production and/or R&D. Mind boggling.

Then in the quarterly summary they spend as much as a third of the time talking about events that did not even occur in the quarter - especially the market update section - when by its nature, a quarterly is supposed to focus on the company's preceding 3 months.