Ann: FY2018 Results Presentation, page-26

I agree with you ahpla. I am livid. The total write down was never flagged with shareholders. The action by directors seems inconsistent with the report which said 'ENLITIC is in discussions to raise capital to fund commercial roll out of its market leading offering'. We have all been waiting for this, so why write off the investment. I know that 'conservatism' is a principle of accountants, but why write it off now when they are about to commercialise? CAJ holds about 25% of Enlitic from memory. CAJ should know everything that this start-up is doing. When I saw Kevin Lyman a year ago, he was lean and hungry tech. Turn the clock forward to recently, he looked fat and bloated. This makes me worry immediately!