Ann: Equity Lending Facility Incentive Program, page-138

Yes I understand where you are coming from vertigo, the market cap is far too low for what it has and the current state of play. Little credit or value is attributed to the fact we have not thrown in the towel wrt the continued development and commercialization of our technologies, which has a lot to do with the never say die attitude of management and core shareholder group supporting them. To be fair the company pre the India direction failed in its endeavors to deliver, those interested parties of the day unfortunately as it turned out didn’t have the capability to bring these technologies to market.

We obviously don’t have that problem from a financial and capabilities POV with NLCIL and NMDC, just dealing with 2 government entities has taken a lot longer than anyone would have liked. So unfortunately we are probably price for a no go or at the very best a maybe at this point in time, I think the market cap will improve quite positively if and when this RCA is signed and completion of financial close. The past will be quickly forgotten if that transpires as expected