Hi Rookiekaiser, I agree, Would also assume new money will have...

Hi Rookiekaiser,

I agree,

Would also assume new money will have to come in sub existing market SP low of 0.95cents per share.

I think existing shareholders may have to cop a significant dilution to the 110,000,000 currently out there. Dilution of the existing shareholdings holdings IMO are likely to be key.

Last count there was about 30,000,000 in no/low cost shares held in escrow including MD at approx 20,000,000 which cost a remarkable $50, if my memory is correct. (Will reference source further).

If their Self Assessed R&D ATO rebate doesn't materialize as forecast or is audited and delayed they must be close to negative cash in the tin now.

I would like to hear about a recapitalization plan over the next couple of weeks and your thoughts on where to from here with a new board and management team.

cheers