Little more research for my own thinking really.. RTO, must have...

Little more research for my own thinking really..

RTO, must have been a steinepress shell.

From 4C cash in bank $2.7m

Income , basically grant money $500k

Expenses more or less by grant money, R&D and admin, about $250k each.

From annual report , major expense R&D $1,000,000 +

Highest paid executive Ian Olson, $250,000, other directors , not significant.

Largest shareholders Cartovista pty limited, Canadian link. Performance share payments

Two Pershing nominees and other nominee shareholders, no transparency regarding beneficial ownership, probably capital introduced during the recap.

So what's with the major holding by Carto Vista ?