Ann: Appendix 4C - quarterly Q2 and Commentary, page-4

The ASX Appendix 4C Statement of Quarterly Cash Flows has been prepared on the
following basis:
The reported cashflows are for the former Emefcy Group and do not include any cashflows
of the RWL Water group which was acquired on 14 July 2017.
Cash and cash equivalents at 30 June 2017 were US$15.37M (31 March 2017: US$19.8M)
which does not include RWL Water LLC group but does include a number of one off
transactions relating to the merger.
The proceeds of the shareholder approved private placement to interests associated with
Mr. Ronald Lauder of US$20M were received after the end of the quarter on 14 July 2017
and are not included in the reported bank balances.
...still no idea how to value fluence with this dark numbers not included