Analysis - from 10c mark, page-6

Sep qtr  - operating cash flow $12m, negative cash flow of $11m, cash in hand $7m. With using the $36m for debt it isn't looking good - the DEC qtr would have to be astounding just to keep them afloat! The Directors may see light at the end of the tunnel evident by the commentary around their plan to all take up their entitlements at the next CR, although they are up to their old tricks again.......

"All of Blackham’s Directors will be participating in the entitlements issue to the extent they are able to finance their respective entitlements."

Wouldn't you think they would gain concrete assurances from the the Exec team rather than communicate further doubt and uncertainty to frustrated shareholders!

As KRAY predicted....It seems that MACA & ORION are on board (no details as yet) going by the recent MACA announcement!