Sorry to spoil the fun re CAU but having read the latest news release I'm more than a tad concerned about the level of cash reserves.
The release states they currently have $1.7m in the bank of which, $700,000 will replay the NAB HP loan leaving $1m. Bearing in mind the company aren't actually generating any sales yet and don't look like doing so until the second half of 2005, they have just $1m to pay all the bills including several six figure salaries.
Is it just my imagination or are these guys flying very close to the wind???????
Comments welcome.
cash reserves running out...
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