Ann: Appendix 3B - Issue of Ordinary Shares and Unlisted Options, page-53

"Growing pains and cash burn.  It's what happens when a very small company has to scale up to become a big one."

Been going on since 2015 have those 'growing pains and cash burn'.

"Who knows when you are looking in the top 300 a few years from now you might just see us there and kick yourself for not buying at the current pittance that it trades for. "

So why not buy when it has been de-risked? 

From my perspective - same old attitude is expressed by holders in many small caps - "fingers and toes crossed - completely ignore the facts - rely upon hackneyed cliches and just hope like hell"

I think this is exactly how many directors of micro caps are able to fund a tidy lifestyle. Sell the dreams and collect an 'executive' salary. Perfect set up.

And you did not seem to address one fact that I noted in my previous post. Any reason?