option holders, page-3

Reporting period
Q4/11 + 13 days

3.5 month burn rate = $311,000

If my calculations are correct we have cash to last another 3.13 years
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If it's any consolation to you hoofa, it appears that the Directors have cut themselves out of the deal this time?

Pursuant to this Prospectus, the Company is inviting all persons who were holders of Options at 5.00pm (WST) on Friday 30 December 2011, other than Related Parties or Non qualifying Foreign Optionholders

To my understanding the company is currently demonstrating a wider range of application for OBJ's technologies as a result of some exciting new research, although I was also advised that these new potential opportunities represent a very early stage.

Additionally, this information was communicated to me only 2 hours ago which suggests to me that our Directors might be putting in more hours for shareholders than their own families... unless of course they are currently located somewhere over in the Northern Hemisphere ;)