TEO - Ready to go into Orbit!

LOL. What the blazes are you blethering on about woman. OK I admit to have not followed this company closely and I did miss the 0.9M fund-rasing which I agree is quite important.

However as for capitalising development expense well all I can say is I wish my companies did that. I think this is misleading. R&D expense should be written off as it occurs. If you add on the 0.9M you still dont get a positive NTAV and you still have net current liabilities.

All Im saying is this is definetly not for the faint-hearted. They are surely still depleting their cash and state they will need more. They did say a modest amount but they would say that.