Formula Alloy Lockring -- with an idiot in charge of it

Ok, I am now looking at removing the sprocket (which also appears to be covered in loctite crap.

Before I begin applying force (and potentially screwing more things up) can someone tell me if this is the way I need to rotate the wheel on me rotafix jobbie.

If you are trying to remove the sprocket and it doesnt have a lockring on it, very simply rotate the wheel forwards while locking the cranks.

If it does have a lockring, follow my instructions above.