Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-36

'as per usual this is my opinion only. I am an idiot do your own research I am always wrong just ask leapzig'.

Okay, thanks for asking! and yes once again you are wrong. By the way you call yourself an idiot not me, I call you Tweedle-dee.

Point 1 - you attribute only $332k to working capital expenses, now working capital relates to admin, corporate and staff costs.

Point 2 - You then marry up $800k + $332K + $431k against a quarterly burn of $900k.

Point 3 - Now if sales continue to grow by scale the fixed burn rate will drop.

Point 4 - In the recent raise there are funds allocated to inventory expansion, marketing, corporate, and expansion of processing. So your table should look like this -

+ $800,000 on hand
+ $332,000 working capital form raised funds
+ 431,000 surplus top up raise
+$500,000 inventory expansion
+$450,000 marketing expenses
+$112,000 offer expenses
= $2,625,000

/ Quarterly burn of circa $900,000 (just use your figure for this coming quarter.

= 2.91 quarters

But wait Tweedle- dee there's more.

+2,625,000
+$4,500,000 of unconverted options

= $7,125,000.00

/ quarterly burn of circa $900,000 (just use your figure for this coming quarter.

= 7.91 quarters

Now if revenue continues to grow, the option conversions will come in the door. Management will also most likely call shareholders for conversion of options before raising. I know I have to find $36k to convert mine, which I will do as soon as I see growth in July and the US.

So once again you mislead. Unlike @Cadel I am not too kind in my judgement, as I honestly think you just miss the obvious, not because you are stupid but because you are blinded by emotions which in reality is a form of stupidity.. i guess.