Ann: Appendix 4C - quarterly, page-34

Agreed, the company secured a $5m debt facility (all of which is technically still available as the company has in excess of $5m in available cash). I agree it is reliant on this facility to grow, including helping to facilitate two significant acquisitions. But there's nothing wrong with using debt to grow a business.

The company has been unusually open in providing forward projections and objectives. I for one am looking forward to tracking its progress.