Ann: Segue to Undertake 1 for 35 Share Consolidation, page-39

This was going to happen of course.

They couldn't do anything with the way things were. They could hardly raise money and what ever money they did raise they do a pointless test to 'show progress' then have to spend the rest on staff. Rinse and repeat.

The real test for management is this moment. If they do this consolidation they should have the resources to test and drill like an actual company to possibly create success. In turn they open the door for more failure by removing the safety net and allowing it to possibly drop further. Hopefully they don't think that getting more money will solve everything and continue to run things the same as before..

I completely understand peoples reservations of having SM as director through this process, as results have been pretty poor up until this point for long term holders. Then goes and receives a performance bonus.