To quote from the report:

Significant Events after the Balance Date (31 Dec 2002)

"Purchase of Rights

During January 2003 Siemens exercised ther right pursuant to a put & call
option agreement dated 17 Sep 1999 to require the company to purchase for $1
million the intellectual and industrial property rights in the CI "Capacity
Integrator" technology (and all associated rights). The company paid the $1
million in February 2003. A provision for this was made in the 2002
accounts - refer notes 3 and 12."

The $1 million has been written off.

So much for Wayne keeping the company going with his own money. As far as I
can see, the only money provided was $1.5M for convertible notes which
converted to $200k of shares and a secured debt currently $1.4M and a $20k
interest payment made. This is a secured debt i.e. fully repayable, no 43%
for Wayne.

OT paid $1.9M in professional service fees for voluntary administration in
2002 financial year.

$9M "investment" in MagnetPoint has been written off.

----- Original Message -----
From: "Tom Northey" <tn@...>
To: <otmushrooms@...>
Sent: Saturday, June 07, 2003 1:21 AM
Subject: [otmushrooms] FYI OT annual report now available for download from
ASX web site


> FYI
>
> The OT annual report is now available for download from the ASX web site
www.asx.com.au
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