As time goes by.. it seems most facts are supporting the...

As time goes by.. it seems most facts are supporting the downrampers.
It is (the facts) QUITE disappointing! more because the way we (remaining share holders) are treated rather than investment loss.

At this point, from my personal perspective..,I treat it 100% investment write off so any upside that would happen is a miracle.

Having 900K in the bank with burn rate of more than 1M per month... I just don't understand the CEO statements:

"the outlook for FY12 is exceptionally strong"
"delivery of executed contracts in Malaysia and Maldives.." (thought the Maldives was still on hold.. contradiction?!)
And to top it up..
"Our balance sheet is in good shape, and we
continue to be debt free" (Yes.. sure.. but w/o money in the bank..)

Seems completely parallel universe. Or there is so many receivables, since 30/6, we are yet to learn off.

CR ??? who will put money now into this business.. so either they start making REAL money or we end this pain.