reasons for no announcement , page-2

Hi Peter

Having attended the AGM i think i am comfortable dismissing points 1,3,4,5,8,9 and 10 from your above post.

On point 2, it was noted at the meeting that they do not intend to make statements until there are concrete developments. Whilst i agree in principle with this, i wholeheartedly agree with the gist of your comments that no communication at all is unacceptable from a corporate governance perspective.

On point 3, again i agree with your statement that at the very least the company is obliged to outline its efforts to ramp up the sales team, outline its strategy and its targeted market.

On point 6, again i totally agree. If there are issues then shareholders should be made aware of them and what steps are being taken to rectify. At least they could demonstrate some progress.
Comments at the AGM were along the lines of "Henderson reference site is under review", i dont know exactly what that means and didnt have time to hang about.

I got the impression that there had been some technical issues but not insurmountable ones, some modifications and something about the need to obtain water supplies (from WaterCorp) for the box to operate effectively. I dont know whether or not these issues came to light during installation or in the stage prior. ???

I left with the impression that the technical issues would be sorted and that the board was genuine in its desire to move to commercialisation.

Yet still many questions to be answered.

Time to come clean.