Serious Technical & Fundamental discussion only, page-908

Surandy I'd like to know your take on the latest announcement? You seem to be the most informed person on this site.
To me it looks like absolute wish wash rubbish about a company more intent on putting their hand out for donations(because absolutely nothing has been achieved in the way of income since the board raided the cookie jar last year, all at once, with devastating effects to the share price which hasn't recovered and doesn't look like doping so with this sort of update) and hiring a MATE to oversee an engine no one seems to know anything about?
I have been a holder of this stock for quite some time now and need to know if I'm being a bit too harsh? I just can't see where the update is after waiting with baited breath to hear some thing positive(since May 11) They have made a whopping two announcements pertinent to their operations since January.
Last year we got fairly constant announcements, sometimes 4-5 per month.