Ann: Appendix 4C and Quarterly Activity Report, page-19

I completely agree. In a previous post I referred to wanting increased transparency, if the market doesn’t understand/believe the value proposition or strategy, that means the management team need to work extra hard to educate investors and the broader market. That’s why I would have thought at the very least every quarterly update would disclose more and more information and unfortunately I think it went backwards in March with actually less information than the previous December quarterly disclosure.

I believe not changing the disclosure strategy suggests aggrogance which can be dangerous, especially when cash is running low, leaving little margin for error.

It feels like a bit of a Hail Mary moment over the next two months - need one or two more channel partners ASAP including the big US bank, which will allow them to attract a cornerstone investor and rectify the balance sheet.