Ann: Appendix 4C - quarterly , page-3

CuriousGeorge, I can only concur with your view. One can only surmise that Q2 had some revenue dragged in from Q3.
I think you are being very optimistic to assume you will be able to check back in 6 months for signs of life!

How can the directors publish a document on April 23 indicating that there had been a “significant turnaround in operating performances” follow this up with Appendix 4C four days later that would appear to completely contradict this earlier document?

How will the company turn the net operating cashflow of ($1.38m) for the 9 months ended 31 March 2012 into a “significant” full year turnaround and achieve management’s forecasts of a full year EBITDA profit of $0.75m to $1.25m contained in the notice of general meeting published on April 23?

Everything in this Appendix 4C would indicate an EBITDA for FY2012 of ($1.5m) to ($2.0M).