No reading between the lines to see that the company has very poor prospects in my opinion. None of the tech projects have paid off, despite all the hype. The VXL spin off has ended in insolvency and the only reason Ionic isn't insolvent is that it never met the criteria to list on the ASX in the first place. That leaves the mining ventures, these are unlikely to keep the company afloat for long so share holders will have to endure years of demands for more money to keep the company afloat.
Ann: AGM Presentation, page-8
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