m&partners, page-2

What a load of crap,

more expenditure for no gain !!!!

"The Board believes that the strategic value of its Compostable and Biohybrid resins and recent product supply agreements with major global packaging companies are not properly reflected in the market value of the Company."

Of course they're not - if you're not selling them then they're not worth anything. The fact that we haven't had any value announced on any sales means that boards 'perceived' value of the products doesn't exist yet - not until we see some quarterly results which include the sales figures at least and that hasn't happened yet.

At best it now looks looks like there's more cap raising on the cards and, at worst, a buy out for virtually nothing.

This is a bloody frustrating company !!!