Ann: Appendix 4E Preliminary Final Report, page-4

i missed this when it came out having sold a few months ago - i could see the writing on the wall, and this report backs up my thinking

Just took a quick look:
-operationally they're burning 2.7m per year and thats WITH the increased revenue.
-just to keep the business running (Payments to suppliers and employees) costs them 12mil per year

-they havent specified what "Intangible assets" is, and at 2mil they need to

All of this doesnt take into consideration R&D or project work.
how will they fund expansions ? roll out the website etc

Being a distributor they must keep an eye on receivables and payables. They must maintain some level of cash to handle issues of cash flow if they pop up. -They have just over 5mil cash; enough to last maybe 2 years, but i suspect they'l raise cash within 12 months