Some big holders would profit at 12c. The last issue was the...

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?