good-bye not good-buy, page-6

Karma, it looks like we don't have to surmise that the US office is closed as the latest announcement today says it has been and is part of several cost reductions implemented.

US opportunities to be supported from Brisbane office in the short to medium term.

So it would appear Peter Swaddles job is one of 10 that has been lost due to the implementation of these cost reductions.

Reading this latest announcement does indicate an urgent need to reduce costs but having said this, without elabortating, it is also evident there are several positives that can be taken from this announcement.

Cheers