Ann: Preliminary Final Report - Appendix 4E-XPE.AX, page-44

Actually XPE had @$9.6m in cash and term deposits as at 30th June, 2016.

But the even better news is now we have more than that.

Since 30th June 189,228,510 options have been converted at 1.5 cents providing the company with an additional $2,838,428 in cash.

Therefore the September Qtr 2016 cash position should look something like the below

$9,596,362 (Cash & deposits as at 30th June)
+
$2,838,428 (proceeds from remaining XPEOB options converted post 30th June)
+
$1,170,000 (estimated proceeds from sale of Sokoria Geothermal project: converting approx. $900,000 USD x 1.3 AUD exchange rate)
-
$750,000 (initial cash payment to JCT in July)
-
$1,650,000 (estimated outflows for Sept Qtr, allowing for a 10% increase (approx.) vs the previous quarter excluding one off merger and acquisition costs).
+
? $$$ (revenue from JCT activities: difficult to quantify at this early stage, but Eddie Jackson has a $3 million revenue target to achieve within 12months from July 2016 if he is to achieve performance milestone 1)

=$11,204,790 (Cash and deposits estimate as at 30th Sept, 2016, not including JCT revenue less JCT outgoings)

$11,204,790 / $1,650,000 est. current cash burn rate per quarter = approx. 7 quarters worth of funds to cover zero revenue operations until at least 2018.

However if one includes JCT (current revenue source), future revenue sources such as Vital Xense, Telink & Intel plus other known potential sources of revenue (MOUs, Xerts etc.), then it is unlikely that a CR will be required ever, at least for working capital purposes.

Note: This post was specifically created not only to inform, but to pre-empt & dispel any rumours of a CR requirement. Whenever a company without revenue reports a loss, such rumours are commonly brought about by those seeking to buy the stock at a cheaper price (at the expense of others).

All the best