Ann: Lucas Dow appointed as Managing Director and Chief Executive, page-142

@macnizel
We will be fairly close to the 2s or maybe even in them if the next quarterly doesnt show any sustainability on cash bleed.

last qtr we had 99m
the quarter before that 158m
so we bled through over 60m in cash last quarter not also factoring in bleeding through any of the revenue we also made.

unless this is turned around next quarter it wont matter what “assets” we have as we simply wont be able to sustain them via cash outflow ie meaning capital raise and further dillution into the 2s, the share facility (with the same fate) and you can exclude debt cause there is no way any bank would lend sya any cash with their current profit and losses. So under all those scenarios the 2s would be the outcome.

Opex needs to be lower next quarter and cash balance at the best stable (no chance its gone up, none!).

an if the above doesnt happen by end july quarterly sya is in serious trouble from a cashflow basis.

you have to also understand that investors will read these reports and anticipate if cashflow will be needed by the above and may sell down before the fact.

our shares on issue is 10B we have under 100M in the bank to show for it. Granted we have some good assets but our BoD is bleeding this dry and achieving very little for there excessive pay packets. If someone gave me $700k id expect almost 0% family time and 100% face down @SS up.