Ann: Quarterly Activities Report and Appendix 4C, page-2

Hmm, do these guys have an accountant in their employ?

An amount of $5,000,000 undrawn from Magna Equities yet their total undrawn facilities are $4.65m? How is this possible?

Also, they claim to be producing products yet have zero in production costs last financial year, zero outlay for production costs in the first half of this financial year and projecting zero outlays for production costs in the current quarter. So someone is paying for their production and giving them the products for free for AEB to then onsell? Or they have still to produce any product despite claiming to have stockpiled over 17 tonnes of biomass and having had millions of dollars thrown at the company through capital raisings?