Ann: Appendix 4C - quarterly, page-25

I have lost confidence in this company. In the last quarterly they compared to the results to the previous corresponding period because they were % lower than the previous period. Now they're comparing the new quarterly to the previous one - not the PCP ! Talk about have your cake and eat it.

Compared to the previous June quarter the REVENUE was down 20%. The ratio of receipts to payments is down to 4.9% compared to 14.5% last quarter and 40.3% Pcp...

they have also increased their capital base significantly, so while everything is going backwards, it is on a larger capital base.

The business is clearly not getting any traction, just burning cash and smashing shareholder value.