Crunch Time, page-44

“Welcome aboard “ B.L. Excuse the nautical term, but this ship is currently taking in water.

Urgent repairs need to be made and these repairs need to occur prior to this years agm.


I agree that the board has a significant “skin in the game” I note that in more recent times, directors have invested during capital raises which obviously makes sense.. You can’t expect independent investors to part with $$ if the board doesn’t.

No doubt the ceo, the chair and board would like a return on investment. This also makes sense.

Do I see potential for a future takeover? - yes. This also makes sense.

What I do question is the boards abilty and in particular the current ceo to deliver on basic objectives as presented at the last 2 agm’s.. This bar was “set” by the board, not by the shareholders . A classic case of over promising and not delivering to date.. Perhaps a case of ego over ability?

If basic objectives had been met we wouldn’t be sitting at .11 cents and any interested third party would have to pay a premium price for our technology.


To the board.. Prove me wrong and prior to the agm. Meet objectives that you set..Announce some further sales. Purchase more shares on the open market...

I will be waiting to see the specifics of this years agm..

If results are not forth coming then at the very least I can’t see share holders supporting any remuneration package.. A first strike as it were ..

As our ceo keeps iterating we have a great product with a handsome revenue model.. It’s time to deliver for everyone’s sake ..