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

Iniial thoughts.

Negatives

Sales down compared to previous years.

No positive communication with the tax authorities.

No word on a resumption of trading on the ASX.

Didnt know they were operating without an Indo sales person.

Positives

New sales contracts

Lower costs but don't think that the current costs truly reflect running of the company Eg Directors, fees etc aren't paid

Talk of ASX letting them equity raise, but major dilution no doubt.

Nutural
Selling the family silverware to convert to working capital