Ann: Quarterly Report and Appendix 4C, page-9

If the Board can't find some brainless idiot to refinance then I believe they have no options left. Even if they do find that particular person they require a lot of money, over a long time frame and a complete reorganisation of the business, big margin increases, huge cost reductions and even then I believe they are just kicking the can down the road. With the debt they are carrying now, along with their current cash flow it just seems an impossibility. All we can do is watch this space.