Ann: Appendix 4C - quarterly , page-9

Red,

I have put out a firm prediction (that you can put back on me if im wrong) that GCN will have a cap raising prior to end 2012.

They are officially growing deeper into debt and their cash holdings is being used to service that debt (drawdown facility).

Currently, from 4c, id guestimate: 1.3million drawn down presently out of 2million. with 700k left and 300k Cash on hand.

Using 185k/month as seen start of this year... October is the best bet for cash end but I bet they'll raise before that, to try and limit dilution (perhaps after June 8 ;)).