Ann: Appendix 4C - quarterly, page-72

Did a bit more digging and found that Omniblend has a 1.9m Asset Finance Facility with CBA. In Q1 they drew 1.288m from it presumably to pay for some new equipment. That would be net cash neutral though does set up a future repayment obligation and is going to detract from profitability this year.There ought to be Loan Proceeds in and Equipment Purchase out amounts in Section 3 - Financing & Investing Activities of the 4C.Omniblend's equipment was probably out of date when it was sold. Have asked the company to clarify.

Also discovered that the 2.5m expected sales for Supercubes with Woolies is just the minimum sales amount needed to maintain global ranging at Woolies. If it is not met then they don't stock it any more. Doing some quick and rough calcs. suggest this is not being met (even though it is early days).

Kind of sums up KTD, You have to dig and question almost everything to find out what is really going on.