Ann: SMA May Revenue Update, page-156

Vintage did you have a look at the prospectus page 20 where it states for the 9 months ended the company had unaudited results of $1.1 million loss.Given this I would expect they would make at most a full year loss of $1.5 million.So my forecast would be for the full year $1.1-1.5 million loss.The only reason that the loss would go above this is if they have payments for marketing in the last quarter that they will book to profit/loss in 2015.Cash at 31/3/15 was $1050 and they got the $500k loan in May 15.Was this loan to keep them afloat till the rights issue came through which would mean they spent $1 million in the last quarter 1/4/15 to 30/6/15?