Ann: Half Year Report , page-2

Has MLA been sucked into the black hole that hardly any ever come out of

"Without modifying our conclusion
expressed above, we draw attention to
Note 1 ‘Going Concern’
to the financial statements, which identifies t
hat the consolidated entity incurred a loss of
$296,453, with negative cash fl
ows from operations of $542,45
0 for the half-year ended 31
December 2012 and had accumulated losses of $13,950,
574 as at that date.

These conditions,
together with other matters set forth in Note
1 ‘Going Concern’, indicates the existence of a
material uncertainty that casts doubt about the
consolidated entity’s ability to continue as a going
concern.

GOULD RALPH ASSURANCE
Chartered Accountants
GREGORY C RALPH
M.Com., F.C.A.
Partner
Sydney
Dated this 27th day of February 2013