Ann: Appendix 4C - quarterly, page-93

A freight train hurtling towards a ravine hoping that a bridge gets built in time. Risk reward? Huh? Even if they could hold costs exactly where they are (which is impossible given they will need more plastic and more power as sales rise) and spend nothing on capex, they need cash collection to rise more than 300% just to be cashflow break even (and apologies as I'm using the Q1 numbers here and so I'm using real cash flows and facts rather than fantasies). The current rate of increase of sales will not cause a quadrupling of cash collections in the next 2 years and the runway is 6 to 9 months only. Geronimo!!!!