impending quarterly result , page-11

bolenger

They have 472K left. A cash burn of 204K. Significantly less than the previous quarter of 591K.

The reason being only one new site connected. The other 5 sites delayed. Of course the excuse is not Intermoco's fault. It never is and never will be.

Imagine the cash burn if we had of hooked up those other 5 sites. I suppose we should be grateful progress has slowed to a crawl. We don't burn as much cash.

There still telling us loan facilities of 4.9 million with La Hoya.

As far as making a profit by December I feel this will be Intermoco's year of excuses.

We have had our fair share of excuses but make no mistake we ain't seen nothing yet ! !