$2.1m debt due to be re-paid on jan 2, page-4

If a deal has been done, then they are required to disclose details. Its possible they will pay cash. Unlikely but a placement would have been announced today or rollover IMO. It only leaves cash settlement in full.

"(z) Going concern
The accounts have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlements of liabilities in the ordinary course of business. During the year, income from the sale of products and services has been insufficient to service the Groups running expenses and the Group incurred a loss for the year. The operations of the Group for the year were funded with the assistance of proceeds raised from share issues.
The Company, as at the date of this report has in excess of $2.6 million in cash resources. The convertible note of $2.1 million matures on January 2011 and the note holder has the right to convert to equity in Intermoco Limited at a conversion price of $.055 per share.
The directors continually monitor the on-going funding requirements of the Group. The directors are of the opinion that the current cash flow budgets
indicate the Group has the ability if required, to repay the convertible note in cash and also has sufficient working capital funding for ongoing operations. With the improved outlook for the companys services showing budgeted profits from the operating activities, the directors are satisfied that it is appropriate to prepare the accounts on a going concern basis."

It seems tight, but we dont know what revenue has come in. Most the costs are upfront, so any revenue can go straight in the bank.

How much shares are left under listing rule 7, 15% in any 12month period?