"As for the loan facility, that will be burnt before year end....

"As for the loan facility, that will be burnt before year end. The business is to top heavy, CCE are living beyond their means, it’s evidenced in the financials."

That is several bold statements in one, @Jrdbull, and I have some questions for you.

1) If you think that the $6.1million loan facility will be empty by year's end, how do you think the facility structure passed the Commonwealth Bank's risk assessment hurdles? Even if you don't think so, where do you believe the Commonwealth Bank might see CCE as a good enough bet to open up a $6million debt facility, as they must surely do?

2) In the event that CCE do actually spend the $4million on (predominantly) commercialising CETO, why would you complain about this? Isn't the whole point of owning shares in this company (especially if you happen to be a holder since pre-EMC) to commercialise CETO? If so, why would you complain about the company spending money other than ours to push it along to the endpoint without dilution? What alternatives to debt financing would you suggest they use to fund the commercialisation of CETO?

3) How is the business top-heavy? Please define this, even in rough and general terms - though pertaining specifically to CCE - because I don't even know how many staff they have. Do you? In what way are they top-heavy? (On a hunch, I'd say if you want to point to MO's salary as your only evidence then that's your play, but if you do include his remuneration as evidence of top-heaviness I'd like you to provide at least two names you know of that could do his job better for significantly less, just to prove to me that you have an alternative).

4) How are CCE are living beyond their means? Could you please demonstrate in their recent financials how they are doing this, without using rudimentary summations like "we made X, we spent Y, Y is greater than X ergo we are going broke"?

Cheers.