capital raising, page-5

"does anyone have an idea of whether the capital raising is likely to be this month or next???????? $300k left wont go far...who was it that said QPN would be cash flow positive last quarter?????????"

Good for you Davo ! Yeah ! Hammer away at that same old tack and convince all those nervous "newbies' that are supposed to anxiously viewing these posts.

Yeah right !

Don't let basic facts get in the way of a good lie...... ooops line.

Isaid the other day that it depended how you wanted to interpret that comment about "cashflow positive" My contention is that Mark Freeman was indicating that the basic expenses of administering the company had been trimmed down to the point where the cashflow coming in now was able to cover those basic company operating expenses.

It was never intended to suggest that the company was totally paying for all the drilling and exploration expenses that it had to front up with.

That was my understanding but for those who want to twist the meaning to their advantage then of course it is supposed to mean that QPN was making a profit each quarter.

With a net A$ 45,000 to A$ 50,000 coming in per month how could you even begin to imagine that that was going to cover all the exploration expenses involved.

I thought that was your tactic the other night. Try to set up the chance to say that people had been duped by the statement.
You have put the statement into a different context from what was intended at the time. A bit unfair Davo