Ann: Half Yearly Report and Accounts, page-2

This is not a positive report, but one the directors are planning to consolidate as an ongoing concern.  It appears to me this is the turn around time. "the consolidated entity will be cash flow positive during this period;"

  ....These factors indicate a material uncertainty which may cast significant doubt over the ability of the
consolidated entity to continue as a going concern and therefore whether it will realise its assets and
extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.
The Directors believe there are reasonable grounds to believe the consolidated entity will be able to
continue as a going concern, after consideration of the following factors:
• The consolidated entity has prepared budgets and cash flow forecasts for the next 12 months
from the date of this report which indicate the consolidated entity will be cash flow positive during
this period;
• As disclosed in Note 6 Events Occurring After The Reporting Period, $150,000 was borrowed
from Helmsman Funds Management Limited as Trustee for the Helmsman Capital fund Trust
IIA on 13 February 2018 pursuant to an Agreement entered into in September 2017; and
• As disclosed in Note 6 Events Occurring After The Reporting Period, on 31 January 2018
Helmsman Funds Management Limited as Trustee for the Helmsman Capital fund Trust IIA has
approved the conversion of $496,011 of the Convertible Notes into equity at $0.003 per share
providing an additional 8,266,850 shares. This conversion event will increase the net assets of
the company by $496,011.
Accordingly, the Directors believe that the consolidated entity will be able to continue as a going concern
and that it is appropriate to adopt the going concern basis in the preparation of the financial report.