Ann: Appendix 4D and Financial Statements - 31 Dec 2018, page-13

I am a bit surprised at how little comment the result has generated here on hotcopper.

Capital raising or borrowing or some other way of raising funds seems inevitable prior to cash flow positive. The sp has dropped 20% on low volume. The company are stuffing about with further blue sky possibilities - meanwhile the cellvizio (apologies if I'm getting the name wrong of our research instrument), isnt selling. The zeiss partnership river of gold is off to a very sluggish start and there seems no reason for the average retail investor to feel any fomo for about a year or so yet. Ie no retail interested in buying.

Our management decline to comment or explain anything beyond the brusque yet vague pronouncements in the report. "Partnership with zeiss still on track, sales slow to start because approvals to buy large ticket items take time". Nope. Nothing like that. "The cellvizio doesnt sell, sorry". Nope. Nothing. Tell the story management? Nah. (Credit where it is due some tightening of belts has occured, but enough?)

Yet there are only a handful of comments and very little disappointment being expressed. Do we all have oil fatigue of some kind?

Give me an "o", give me an "i", give me an "l", what does it spelllll??

An ongoing drain on shareholder capital and consistent disappointment.