"The Company will shortly be making a further announcement...

"The Company will shortly be making a further announcement concerning its forward funding strategy"

This is the most significant sentence from the activities report. Hopefully it will address funding shortfall, needs, La Jolla, etc. Could get people interested again.

Regarding revenues, maybe they are stable because of a shift from upfront component into recurring revenue. Last quarter had a fair bit of upfront revenue. This quarter was minimal with only one new site. So the slack must have been picked up by an increase in receipts from tennants.

But I agree growth is not as promised. $1mil is a far cry from the headline figures announced in many contracts. Contracts cant be living up to expectations. Lack of tennants. Lack of uptake. Delays. Etc. And that's before we even consider margins and profits.

No more Energy Mad to sell.