How Invested Are You?, page-49

There is no missing funds. There was never going to be a "lights out".

The guys article was BS.

To the half year they spent 2.4 million and there was 4.6 at bank. They haven't smashed through that in a quarter. The raising was to further aid international expansion..probably taking on those extra account managers in the US and Hong Kong and also renting a space and getting some equipment.

"FINANCE

The loss of the Group for the half year ended 31 December 2015 amounted to
$2,212,822, after providing for income tax (period from 15 July 2014 to 31
December 2014: $110,500). The results of the Group include a number of
significant items relating to the acquisition of WooBoard Pty Ltd, amortisation of
intangible assets, certain costs associated with REFFIND’s listing on the ASX, costs
incurred under the Transitional Services Agreement and share-based payment
charges pertaining to options issued during the period.

As at 31 December 2015, REFFIND held cash (including cash equivalents) and
term deposits totaling $4,654,918 (30 June 2015: $36,744). Expenditure is in line
with forecasts and reflects the investment in sales & marketing operations,
product development and expansion plans, both domestically and
internationally. Net cash used in operating activities during the half year ended
31 December 2015 was $2,400,483 (period from 15 July 2014 to 31 December​

2014: $72,861).
"