response from dave sammut

I don't know about Marc,but I felt insulted reading this response.
See if I can do a better job.
Hi marc,
The board shares your frustration.
You raised a few issues:
1) The past:
We can not change the past.
There were mistakes made,some were forced,some were not.
We will revisit the past to learn from the mistakes we made & make sure they are not repeated.
2) the future:
Intec has reasonable IP,that is almost unique.
We are examining every avenue to commercialize the technology,either locally or O/Ss if the OZ Carbon Tax is foreshadowed to put the brakes on implementing it locally.
We do have other assets that we are working to realize,like the EAFD & the environmental bond to follow.
Don't forget that we will be recieving ongoing royalty from BSM of up to $5m.
The board is acutely aware of the fact that we can NOT afford to waste this cash,untill there are some solid revenues.
The board is examining all avenues to minimize the cash burn in order to insure Intec's survival,even if we have to take some painful measures like minimizing the board without seriously constraining our functionality.
3) the share price:
We are aware that the market is putting a severe discount for Intec , if we take into account our IP,our cash holding & near term royalty.
We can not control the market.
This discount could be due to:
a) general poor market sentiment recently.
b) The percieved poor history of the board,which in our view is incorrect.
c) The high cash burn.
d) The lingering doubt of being able to commercialize our technology.
e) we can not exclude some manipulation of the share price.
f) The inability of the directors to buy for financial or other reasons.
We endeavour to examine all these possible culprits & try to address them in a proper way.
Thanks,Marc,for the feed back. We don't need cheer leeders.