Ann: Monthly & Quarterly Activities/Appendix 4C Cash Flow Report, page-2

Item 1.1 - Receipts from customers not even covering Item 1.2b - Manufacturing + Item 1.2e - Staff Costs

$349,000 from 153 OFTG EG outlets equates to $74 per store per day (less than the $80 in May)

$1.5M in the bank at end of June and burning $900k per month - So probably well under $1M in the bank today. Receipts from customers will be MUCH lower in July, extending all the way though August before the lockdown ends.

Item 8.5 - 3.2 Months of funds available (2.2 Months as of today) is a REALLY dodgy figure - they only include operating costs and completely ignore the $384k in Investing and Financing activities (Item 3.3 and Item 3.4)

Unless there is a miracle, Oliver's will be insolvent by the end of August