You mean the $4.6M impairment? Yes I saw that. The half yearly finance shows that they made up for the shortfall through selling shares for $8.5M and borrowed $3.3M. What about it?
Even in Q3, the net cash from operating was -$732k and they borrowed money and sold shares for $742k resulting in a net change of $10k.
They are going to go into a JV for cosmetics and it was stated that it will be paid for from cash reserves ($5M). Nowhere does it states how much will it cost.
Are you suggesting that maintaining a healthy bank balance is not important?
Ann: Ceasing to be a substantial holder, page-20
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