Ann: Appendix 4C - quarterly , page-2

Some good news and some bad news here.

Cash Receipts from customers of $38M is good, probably being the Thailand job being paid. But Cash Expenses are up to $42M compared to $28M for the whole of 2010/11. When Oh When, is this company going to get its head above water on a cashflow basis. Cash on hand is down $6M to $3M in the quarter. At this rate there will be a share issue needed soon.

They go on about having RECs unpresented (no value given) as usual, but they are going to have to sell them eventually.