Yesterday I posted the cash balances and cash burn rates..........

Yesterday I posted the cash balances and cash burn rates.......

...MSP cash burn $880k ($730k (msp 4c) plus $150k (fft 4c)) vs my $800k...
.... FFT cash burn is much harder to calculate as you have portions of MSP receipts and expenses mixed in along with the R and D government grant.

Excluding the government grant Net Cash from ordinary operating activities was a respectable $1,147 for the quarter
Excluding the MSP cash burn that was held inside FFT and the R&d grant Net cash was $1,297 which is impressive.

The receipts from customers are up from $3,961 sep 2017 up to $5,072 ($5,872 MINUS msp $800)

When it came to the cash balances I did not consider the government grant or $1.65 million coming from the consolidation of 61 million MSP shares in my forecasts......

Someone please educate me as to the technical process as to how they bought 61 Million shares in MSP and had the cash land in MSP's account, and have now just received $1.65 million from the consolidation of shares .....the word "consolidated" does not really spell it out for me. .............why has it changed to cash, I understand it being listed as a Current Asset but not as cash.


It really is a neat trick, don't you think:

1. Recruit some guns for hire.... Mark to FFT Chris to MSP. bridged by Bloomfield.
2. Conceive a merger or takeover where it will cost next to nothing in the backrooms.
3. Acquiring company does a cap raise
4. Get the target company to do a private placement up to its 15% limits before wider shareholder conditions take hold.
5. Acquiring company exclusively completes the private placement gaining 13.3% of target company.
6. Acquiring company lobs takeover all script bid bid.
7. Target company accepts 1st round offer because its already pre-arranged (see point 2)
8. Shareholders progressively hauled across the line because of the opportunity.
9. Acquiring company receives $1.65 million for the money it spent on acquiring shares through a "consolidation" process of the shares.

I have to say...............I don't like the strategy as a previous MSP shareholder we could have got more on the company, but now I love it as FFT shareholder........but that does not even things out.

Definitely no cap raise here we are sitting on a combined $10.5 million with profitable business with high growth leaders at the helm.......... these are actually pretty good numbers...........