half yearly, page-74

Shareholders will get a sigh of relief if (and its a big if) they can win some work and generate revenue. At the moment all VDM has done for the last 6 months is burn the last remaining assets to stay afloat - thats not an opinion, its fact. As every day goes by without winning work they get closer and closer, you must agree with that?

Bear in mind that if (and its a another very big if) they won a contract tomorrow, it will take at least 2 to 3 months as a minimum to generate a postive cash flow. BUT, even this cash flow wont be enough to sustain the rate at which money is being spent in the organisation - currently more than $300K per week in administration expenses alone. Assuming they can make 10% profit on their work (also very debatable), that equates to turning over $3m per week. VDM turned over less than $800K a week for the last 6 months.

It just doesnt stack up I'm afraid RICH although I'd be happy to stand corrected.