Ann: Operations and Corporate Update , page-3

They've paid off about $1.3msince their last update, which was very recent. However, since their last update, the company has lost about 35% from market cap, with the market cap now @ $2.65m @ .009.

It all depends on how much the company can raise or achieve from flogged assets when in distress. CKK flogged assets and got 20% of book value on them.

Whilst debt looks manageable, it is still around 4X market cap. It's probably looking more like a takeover target than it's ever been. At 22c in October, it must have some appeal. If it does a capital raising, it will have more appeal down the track.