Ann: Appendix 4E & Annual Report to shareholders, page-25

OK pardon my ignorance but we have $11.4 mill in the bank. The sale of PEC was meant to be for $15 mill with agreed adjustments for net debt and working capital and a provision of $500k for incentives of PEC employees. Can someone please explain the discrepancy ? I understand that having a considerable cash buffer is good but does anyone think it may act as a disincentive to get this company moving ? We need to generate revenue to grow the business rather than funding through cash reserves.

I haven't run any numbers but I'm guessing we would need about 30% growth in revenue year on year for 2 years to break even. Is this feasible ?