Ann: Preliminary Final Report, page-20

Yes agree
I have always said this has great potential but management both here and in the US has been terible.
Here because there is a rule that there needs to be 2 local directors and sec but they will not answer hard straight to the point questions and overseas cause they have kicked no goals in over a year.

I have spoken to the new bloke and he is confident and has accepted a broadly sp based package.
But now with the new bloke there can be no more excuses and they must get customers other than touchstone.
Their aim now is 150k cubic foot produced a year.
If they get anywhere near that you will be sitting on a huge profit.

The plus here is they have a govt calidated product. A defence strategic product. A product that has been financially backed by the US govt.

When this navy contract finally comes that is a company maker as with tooling contracts.

The commercial prospects are huge and they have some trialling the product.
Just depends on when some will go with it.

So if Alain is the real deal this should be good. If they have real directors here who had just a touch of shareholder relations it would be much better.

I put in over $100k but took some off the table 6 months or so ago because I seen the same excuse, there is no room for excuses.

I will look at putting more back in when I see real progress or one of my ships come in.

So good luck as I think this could be a goer, getting rid of the Placha clan was positive but the new bloke needs to show us he can make this work and not be a Touchstone puppet.