where is the $ 4,000.000 gone

The
cash balance of the Company
on
22 November 2012
wa
s
approximately $
6.563m
. The
aggregate
amount raised from issues of Equity Securities listed in Schedule
3
is $
50,000
. The
cash balance of the Company as at the date of this Notice is approximately
$2.6 million
So we have $2.6 million left, which will only last 6 month before we as a company run out of money,if they keep spending the money the way they have.

While this management in the last 12 month have spend $4 million, I would say a lot of the $4 million went to pay the wages $900.000 to they guy that left, and $600.000 to D.R. so that is $1.5 million for just 2 of the guys that work for whn.
What did we the shareholders get well we got a 50% hair cut