Ann: Corporate Update, page-57

Some big holders would profit at 12c. The last issue was the equivalent of 6c. Michael Fotios and
'mates' would do OK, but I don't think that they are in this for just a 100% gain. This has to be a multi-bagger investment.

Cap raisings done in 2015 were generally at 2c = 10c now, so not much profit there.

There is $1.611m in the bank as at 31/3 which is $149k less than as at 31/12. However expenditure was $970k. What happened to help out was a total of $812k in "research and development refunds". Anyone know anything about that?