Ann: Appendix 4E - Preliminary Report, page-18

In the cashflow statement I also noticed that cash on hand at 31 Dec has been updated to $8.433mil as opposed to the $8.951mil that was stated to be on hand at 31 Dec in the 4C.

I believe APRA capital adequecy requirements are $5mil.

So $3.433mil of available funds at start of Jan with outflows of approx $2.79mil estimated this quarter in the 4C (before allowing also for €75k BBS aquisition payment). There will be inflows of receipts from Tier 1 coming online but as outlined by the company these inflows will take a few months to fully ramp up. I believe that ramp up process only truley started from 31 Jan.

I believe cashflow wise they will need another CR.