Its amazing what constitutes a financial and activities report to shareholders....that is bordering laughable.
In essence that quarterly report could be phrased " Yes we know we are in a bad position and nothing is happening, but we are trying hard to do something(?) ....but we dont really want to talk about it..thank you"
Yep?!...and we invested in this?!!!!!
nw
Ann: Appendix 4C - quarterly , page-2
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