Ann: Chairman's Address to Shareholders, page-13

top 20 must count for something if the cap raise was voted down...

secondly, cba loan rate is at 6.5%, so i presume at the time of approving the loan, the risk was very low...

third, at the 9mil mc, they do have 100mil turnover... the ann probably talking about 1-2mil net loss plus write down some intangible...in my book, the situation is much better than those startup begging for first 100k revenue, and making loss of 5-10mil a yr, still valued at 20, 30, 40mil....

look at hostwork.com site, the household clients worth something i hope.