Good Comments, Stockman8. The cashburn rate had increased to $3...

Good Comments, Stockman8. The cashburn rate had increased to $3 million a month. It is true that sale contracts were at a miserable $1 or 2 M but even this poor sale did not materialised into income receipts! Sales receipts for the last financial year were a fraction of the reported sale contracts! The sale receipt last month was $28,000 against a cashburn rate of $3M.

Most people assumed that the filter problem had been resolved and fitting another filter will bring production to nameplate capacity or more. In the previous newsletter to shareholders Dr Melrose stated that "other parts" of the plant may limit production to 55% of the nameplate capacity. Strangely we have not heard anymore from the company about the "other parts", so how reliable is the assumption that an additional filter is the answer?