Ann: Half Yearly Report and Accounts, page-46

I have no issues with anyone down ramping, but please can we keep it civil. I find down ramping makes me go back and check all my assumptions and have changed my mind on some stocks in the past.

Nothing I've read so far will change my mind, but we do all have to acknowledge that despite how good the half yearly report sounded, compared to back at the AGM, things are taking longer than expected, hence the softer share price over the last 6 weeks.

We are still in negotiations and testing, nothing has changed. We have added a name to help with marketing, but until there are some results/firm contracts to start sales, I'm not expecting miracles in the SP.

Do we have enough money to continue (Oh woe is us $1.5m outflow for the half year )
Answer YES!! There is still $8.6m in the kitty, enough for a couple of years at the current spend with no revenue!
Do I expect further cap raises?? Yes I do when they have to fit out the factory with manufacturing equipment, but my suspicion is at much higher prices than now. It will only come after there are orders.

IMHO any orders/contracts to license FRG will have a great positive effect on the SP, that is why we are hear and are waiting for, no matter how long it takes.