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Ann: Response to ASX Query, page-17

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  1. 978 Posts.
    lightbulb Created with Sketch. 50
    Brett as I said I hope you're right and for the long suffering holder's mainly, I hope this takes off. But you are wrong on one count, they don't have enough cash and in order to raise US$3M will need to issue approx 250M more shares... That's big dilution.

    You have no way of know if what they have works. When we bought in it was off the backs of winning multiple esteemed awards and then no one touched the product. We couldn't give it away.

    As I said, I hope you guys kill it but there is little reason to be optimistic. The current arrangement in China mirrors what was previously tried in Australia and America and both markets wanted nothing to do with the product. So to succeed, either the product has changed, the people selling it are miracle workers. If you believe either of those two I applaud you and hope this gamble pays off. This is my last post on this thread, bye to the Lt holders particularly!
 
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