Ann: Full Year Statutory Accounts, page-87

Assuming cash burn of $7.25m for the December Qtr incorporating their statement of retaining contractors as employees, bank balance after the ATO funding will be around $12.75m give or take, and this is before taking into account if CAT take up the options or not.

Having developed a commercial prototype, FBR should now have a detailed construction process plan with detailed costings easily licensed/sold to any third party, not just CAT, and this could happen within a matter of months of CAT backing out if they do, as unlikely as that is. This could effectively eliminate the need for a cap raise at all.

Personally I'm not worried if FBR raise capital or not. The DST technology has many applications and partnership opportunities in the immediate future. Look at Global 9 for instance, don't you think that the two could partner up and disrupt the residential construction industry as we know it?

I'd actually be interested in readers who agree with your proposition of a credit raise prior to 31/01/2019. Let's take a poll. Those who think that a credit raise is likely before CAT take up their allocated options should make a post a single "Yes - credit raise prior to 31/01/2019", those that think this is incredibly unlikely make a single post of "No - credit raise prior to 31/01/2019." I know many readers/posters don't read on the weekend, so we'll keep it open until 5:00pm Wednesday the 05/09/2018 and gauge the results thereafter.