Ann: Clean Seas FY18 Results Investor Presentation, page-9

Timber, could you give us an explanation on why you think we will need a cap raise in 9 months. Just looking at the investor presentation (and I agree that they are always positive and don't usually highlight any problems) we have Cash and available Finance Facilities of approx $19.4m. Our cash burn for FY2018 was $6.815m in operating activities and $4.854m in investing activities and the FY19 Outlook has sales revenue increasing to $47m-$50m which should provide some additional funds. Just interested in your reasons because I am going through this with another company at the moment (AHZ) where we had a very positive presentation and are now in a trading suspension, have sold off 20% of the company and all wondering what our losses will be.