Ann: Quarterly Appendix 4C Cash Flow Report, page-2

This Company has the best (or worst ) 4C’s

havn't spent anything in the last 6 months

no staff costs, everyone works for free
do they have staff?

30k in the kitty

largest 60% shareholder gets 10% interest on his loan

Also picks up $200k Annually from the MidYear
for $7,500 per month and accounting and administration services for $10,000 per month.

https://www.ecoinvestor.com.au/Stories/Eco-Investor/June-2014/Water-Resources-Accepts-Survival-Finance-Offer.htm

Good money for doing the books and a 5 minute 4C

Dialto has I would say has recovered all of its initial investment in PO3 and then some .

So after 7 years they have ditched Somnio, ( of which Dialto own 50%? )

Are they any closer?
This surely is the major shareholder’s plaything.


what ever happened to the hotels?
https://hotcopper.com.au/posts/38639416/single