It's the discrepency in numbers I was refering to.
;)
As I can't be bothered checking the grant is not already included in recievables (and that it was awarded over 12 months ago in Aug 2011, meaning most of it could have already been spent), i'll give you that inclusion.
But, I used current burn rate in my calcs and not an entirely justified (as even Westy agrees) increased rate.
I'll leave you guys to it - I don't want to clog up your thread with my innane comments and he said she said posts.
My point is... Dilution is not far away (IMHO)
Take it or leave it.
good day all...
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