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

Holy smokes... GSW are starting to burn $7 million each quarter?!

They then say 'yeah no worries mate we've got another $77 million in cash' when asked by ASX if current cash outflow can be maintained.

Even with another $77 million that's less than a year's worth of current expenses and considering they're still a long way out from resolving any legal issue how will that be funded?

What happens when their cash starts to run low? pretty sure good ol Joel's going to try raising another $20 mill+ via capital raising.

This company is nowhere near investable and how they're still able to operate continues to astound me...