Broker Valuations, page-6

I like these broker highlights:

1. No profit until 2017 and that's estimated on what basis I wonder.

2. Revenue for 2015 is $1m. Gee that's a lot.

3. Cash will be $1m by Jun 2015. No it will not as another Cap Raising will most likely occur as in past years.

4. A $10m jump in cash and assets by Jun 2017. Wonder on what scientific basis that one was calculated.

5. Shares on issue will not rise for the next few years. Joke!

6."We assume that the company raises a further $2m at $0.016 before Rhinomed becomes
break-even from sales of Turbine and BreatheAssist in snoring/apnea."

But they indicated no increase in shares being issued????

Capital raising at a LOW $1.6cents. Is this their prediction where the sp will go to soon?

I will let others analyse this brokers great work.