Ann: Monthly Activities/Appendix 4C Cash Flow Report, page-6

Been pretty dissapointing ride with MDC, a lot of potential but seems to always fizzle out. Basically been grinding down for 4 years, and seans getting paid the whole time but shareholders havent had any growth and only got diluted after cap raise.

Losing $3.6 mill a quarter with only $9.7 mill left, looks like we can look forward to another cap raise within the year, at a discounted price , yet again.