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Ann: Response to ASX Appendix 4C Query, page-2

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  1. 13,157 Posts.
    lightbulb Created with Sketch. 2796
    lol

    paragraph 1, yeah we expect if inflows are the same in march and june qtrs., excluding purchases of printers it will MOVE towards cashflow positivness...errrr…………….. so following that statement financial nothingness,,,,,best read the next paragraph

    Paragraph 2,

    In a nutshell  - YES the Company expects to complete a further capital raising to fund operations. Current talks with secured lender - major shareholder / management and they have a capacity to issue up to 139,700,000 shares under the 10 % rule, and they believe the company will go on as they are successful in raising capital...…..………

    definitely agree with last statement, they are good at raising capital -they are the capital raising kings ----------------

    So -much for the great new business and extra cash raised for cashflow------

    expect more very painful dilution, forget the ideas pushed that it will crank to 10, 20 40 cents., they admit that a further capital raising is coming....……………...
 
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