Must admit I didn't have time to read through everything in...

Must admit I didn't have time to read through everything in detail Cro, but a few things I picked up on were:

* Roger Clarke was Chairman from day one and since then has accumulated 4.6M shares. Not sure how many were on market purchases but he did take up a placement during the GFC which allegedly saved the company. Seems he did have confidence in TIS as he put his own money on the line and is still a substantial holder.

* QUT started out with 16.7% and are now down to 3.07% which is probably a result of dilution as they would not have participated in capital raisings or share purchase plans.

* Current situation with QUT is that they receive payment only for contracted research and will receive royalties once sales commence.