Cash balance is 15.65 AUD at close of last quarter. Repayment of...

Cash balance is 15.65 AUD at close of last quarter.

Repayment of 6.63 AUD means 9 mil AUD balance if zero contribution for the last quarter.

0.5 mil Usd and 0.8 usd work out to be 1.7mil AUD. Assuming100 percent cash conversion, zero capex or no tax payable due to losses, that would be 10.7 mil AUD. The minimum balance is 10.33 mil AUD. This has not counted Dec if there is positive contribution.

Anyway, +/- 1-2 mil is not a big deal to the Thai. Just get someone "lost" couple of mil to the casino to meet the balance and figure out way to retrieve it later instead of losing face.

Megabank just has to open one eye and close one eye. They already recoup all their principal and has some profit. They were probably waiting for the second final payment before saying ok. Just remember how much interest has been paid to them for the past few years. Also what they can really do if they get anal over 1-2 million shortfall? Take hold of the building and hold a liquidation event over the vendor land?

ROFL!. Just remember who we are dealing with here. This is Asia not Australia where things are not so black and white.