Ann: Quarterly Activities Report, page-9

Just some thoughts. I said that there could be over a Billion shares in twelve months if the current board are happy to continue to capital raise at these low share prices accepting the current cash burn rate. But they can't legally do that to my knowledge, I was more making a point. I'm not privv to the AIM listing rules but I believe on the ASX, you cannot dilute shareholders more than 15% in twelve months without shareholder approval. That's off the top of my head so I'm happy to be corrected. I also think this ASX rule was the main reason they listed in London, IMO! It's more than likely that they will need more money from somewhere and the obvious candidate is Stephen Copulos. That's why I think that if he pulls his support we may see some resignations. Only because CAS may not be able to pay them.