Ann: Q2 Business Update and Appendix 4C, page-4

Here's some commentary:

"After over a decade of operation through different - but equally pathetic - versions of an online marketplace, and a simply staggering $56 million in equity contributions, we have built a company that has never made a dollar in profit.

Now, online marketplaces are a somewhat seasonal business with a defined spike in the December quarter which includes Black Friday sales, Thanksgiving Sales and Xmas sales. And while we collect money from customers immediately, we only have to pay our vendors on 30-90 day terms. So boiled down, the December quarter is great from a revenue perspective, but it will be followed by the March quarter which will be high on expenses, since we have to pay for all the trinkets we sold in the December quarter.

It can be a trap for beginners who see a big cashflow positive December quarter and buy in, only to be disappointed in subsequent quarters.

But how thoughtful are we eh? We can't even generate positive cashflow in a December quarter! So we do all we can to protect potential investors from stumbling into the cash-eating machine that we are!"

Do yourself a favour Robot17 - dump it while you can. The business is not rocket-science, no R&D to do, no mine to build, no clinical trials etc ... just a bit of off-the-shelf technology that facilitates you selling stuff before and for more than you have to pay to buy it. And $56m later this is where they have arrived. You should also be aware that were it not for numerous share consolidations, the SP would be quoted in thousandths of a cent ...