1MC 0.00% 3.0¢ morella corporation limited

Just to bring total clarity to this situation, Allan Buckler...

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    Just to bring total clarity to this situation, Allan Buckler applied in full for his entitlement which was 47,965,134 shares totaling $2,877,908. The loan of $2.8M as per the cash flow was not received in September but October!

    The Likely position as per forecast is:
    September 30th closing balance........$1.098M
    SPP cash raising ..............................$9.155M NOTE as per the 3B this figure includes all moneys over and above the entitlements.
    December Expenses.........................($35.193M)
    December Receipts............................$45.427M

    Expected cash in bank Dec 31st $20.487M
 
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