General Discussions, page-226

We're on a long road back to fair value after the hype train sent us up to $300mil. Market cap is back to around 140 mil which is possibly still overs considering where we are and what news has been shared to date. Binding MOUs/government funding should be the next major news we'll need to start justifying a MC of $140 plus million and that could be some time away.

Happy to be challenged on this but my understanding is testing on our product with customers can take upwards of 12 months, even longer. I'm not too sure on when we got the ball rolling on this but i would not expect any binding agreements signed off imminently. As we all know waiting on the government to do anything let alone financial assistance is anyones guess and they'll release funds when it suits their agenda - we just have to hope we are on their list and i believe we will be.

We were a $20mil MC company not even 6 months ago so there could still be a bit more of a cooling off period, IMO somewhere around the $100mil mark would still be an excellent investment. I believe management pulled the trigger on a cap raise when they did to capitalise on our run knowing the downtrend had set in and no material news flow was in the near term pipeline to give us another kick of momentum. They deserve credit for this.

Regardless... the fundamentals are still first class and bags will be made in due time for those with the patience but those short term traders calling for 10-20 cents within the week/months may be disappointed. Bottom draw this one folks and let this story play out over the coming years.