Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

Agree, not the time to top up when they are seeking funds, these guys blew through $9 million in the last year, the Dec quarterly last year they had $11.22 mill cash at bank, this Dec quarterly only $2.7 mill. And what do we have to show for this $9 mill of spend ? Where did the money go?

What we have to show is a market cap around all time lows, price action ruined with a consolidation, and now the company with only 1 quarter of cash left is going to be negotiating a cap raise as they themselves said "Company is in discussions with third parties to provide suitable funding." so MDC will be negotiating funding coming from a position of need with no power, cant imagine the deal is going to be any good, expect more dilution at a discount.

There will be a time to get and ride MDC up again, Ill average down when it is, and then get out hopefully for a profit and be done with Sean Hall, the decision making and lack of care for shareholders has left a lot to be desired.