Ann: Appendix 4E & Full Year Statutory Accounts, page-36

And you take the wordings of the ann with100% certainty that it will happen ? The auditor's report is more recent. There is a reason why they put this line ' the company may be required to raise further capital to facilitate this acquisition' in their report. It means they are not satisfied with the announced funding structure of the acquisition. Be critical.

They are having a margin of 10%. Assuming no significant gap in the debtors collection days and supplier payments terms, they need to make a 120m sales to cover the 12m cash component of acquisition.

Debt funding - no debt facility in place per annual report (none as at 30 June 2019. No mention as well in the subsequent events relating to the Company obtaining one after 30 June 2019).

Cash of 7.8m as at 30 June 2019 - sound business practice dictates that you should not use a major part of your cash to invest in long term asset.

So, where do you think the funding will be coming from?