Ann: Appendix 4E and financial statements, page-2

WOW seriously ALT is all class - perhaps the worse balance sheet and financial statement i have ever seen!!!
No company in the world would partner with a business with a balance sheet and P&L as bad as ALT's ... why when obviously all they need to do is wait a year or 2 and pick up the technology after ALT have gone bankrupt.

Much cheaper option for a partner and also eliminates the need to pay ALT royalties and fees