Yeah mate, always appreciated your level headed approach. Cash...

Yeah mate, always appreciated your level headed approach.

Cash position is very worrying, only $764k left. Then they have access to $5mill left of the credit facility to get into more debt which will be maxed out then at 65.9 million, and now they have only $4.4 mill from this last cash raise. Basically they have $10 mill to work with and when you look at their staff and admin costs just this last quarter of $5.4 million it not even 6 months of staff and admin costs for them in normal conditions, its going to be more when they are meant to be 'ramping up'.

Its pretty brutal, dont know how NAB is going to get their money back, which repayments need to start next year I believe, these hefty repayments which his going to add more strain on CANs already dismal finances, and if the bank cant get their money back, us retail investors dont have much of a chance!