outstanding 2012 - bring on 2013, page-6

Happy new year to all HC readers.

RB,

I find this list of "achievements" quite humourous.

The #1 achievement, as you see it, is that they recovered $1.54m from the government, of which they immediately paid themselves $100k and making this item the largest single positive cashflow for the year. Bear in mond, this refund was due from expenses paid, which contributed to a $6m loss. The largest single expense? Wages and salaries. And who received over 50% of the wages and salaries???

From what I understand of business, this isn't a great business model. And it's been going on for years. I know you believe PRIME will change all of this, but they haven't been able to keep to their own stated timetables, be that the first run of plasma or the listing of PRIME on the ASX. By the way, where is that matter?

I think any shallow analysis by anyone with any knowledge of this company will see that there is not a single actual achievement of positive cashflow other than the one you mentioned, which in and of itself is not an achievement but a function of being able to fill out a form correctly after spending a large amount on R&D. OK, so they can sometimes fill out forms correctly....congratulations on the achievement!