Ann: SECOS Placement and Share Purchase Plan, page-2

Bit light on detail, hard to be inspired by the use of funds
Have they run out of money since 30th Dec? They were CF positive with $4.5m in the bank.


The proceeds of the Placement and Share Purchase Plan Issue will be used to fund:
• Expansion of the Company’s MyEco range, including both biodegradable products and the new 95% post-consumer waste recycled soft-plastics range
• A national marketing campaign to support the MyEco product range
• Implementation of a Global ERP System
• General working capital
• Costs of the offer