Ann: Response to Appendix 4C Query, page-3

They will just keep doing the same thing, do a placement to them selves at a low price, spend it and then rinse and repeat. All the while reporting no progress on partnership negotiations etc.
They really need to cut their working capital expenditure including salaries etc.
If they truly believe in the product and the future they should be satisfied with the exorbitant amount of oppies they hold at a very low exercise price. To me it just looks like they are double dipping.