2010 financials

Having a look at 2010 financials, and found,
1). Net assets $109m， it is really huge compared with its market cap. Tangible assets which excluding tax benefits and intangible assets, are $79m, still 50% over current current market cap.

2). Total cash spent during the year is $60m, including repayment of $27m loan.
Net cash outflow from operating activities is $20, implies $5m per quarter. ON 30 JUNE 2010, CSS HAD $5.8M LEFT, TODAY, ITS CASH POSITION PROPABLY IS LESS THAN $1M? CAPITAL RAISING IS ON THE CARDS.

3). Total loss for the year actually is $24.7m!!! tax benefits should not be taken into accounts.