very disappointing......., page-16

just skimming over the results i know cash at bank as at june 30 was only $270k odd. then some options converted and a placement which gives them some more breathing space til next placement due.

the last quarter resulted in a burn of marginally under $1.4 mill on revenues of $315k. look at LUM's last balance sheet, it is far more impressive and LUM is valued at $3 million.

this stock might have a future but it imho it is 1-2 years away from being a viable entity, really needs a share consolidation and i just cant see how a market cap of any more than $20 million really is warranted.

then compare this to a company like CMP which has annual revenues close to $50 mill, is actually profitable, now has a product which can compete with RMD (which is capped in the billions) and yet CMP is only valued at just over $20 million. IMI was worth close to 4 times that much last night.

if you cant see the validity in what i am saying i think you are delusional.