Ann: Appendix 4C - December 2015 Quarterly Report, page-54

I thought the Announcement was written very poorly,:-

This is how I read it:-

Nov 15 to Dec15
Rental Transaction Value 57% Increase
Gross Profit    94% Increase

Dec 14 to Dec15
Rental Transaction Value 56% Increase
Gross Profit   152% Increase

Basically squeezing more $$ out of the business, with greater benefits from economies of scale.

Receipts from customers $398,000
Payments to run business (a,b,c) $407,000 Reduced 19% from previous Quarter

The unknown is the Other working capital $399,000 this is the biggest driver to determine a future capital raising, ($95,000 was claimed to be a one-off so that leaves about $300,000 needed this coming quarter), with $851,000 in the bank and $190,000 in R+D credit plus $50,000 still to come from Domenic.

We would have about $1,100,000

The core business is basically cash flow neutral (not including Other working capital) unknowns...... I believe CL8 are financially secure enough to not require a CR in the next 6months at least.

However as a priority we need to increase Receipts to greater than 10% a quarter