Ann: Half Yearly Report and Accounts, page-13

The % drop to operating performance has no doubt worried the market. But with revenues close to costs, EBITDA will always show a huge swing when the top line changes a bit.

Would have been useful to get an understanding of what underlying results were like when you strip out the closed victorian operations and the equipment sale in pcp. Indeed, would be great to get more detail on the consulting operations in general -- it's still the dominate driver of revenues at this stage.

Either way, really need to see some good envirosuite sales coming through, and soon given the operating and investment cash burn.

If/when envirosuite sales start to materially lift, we'll see the nicer side of operating leverage kick in. I remain cautiously optimistic, and hope to see some traction in the coming 12 months.

Glad that the onerous convertible notes have been settled with Ormerod-- that was a bad deal for shareholders.