Ann: Suspension from Quotation, page-61

Lets be very clear here.

3DP needs cash and now.

It does not have sufficient resources to wait another 2-3 mnths for CF+. IMHO, they have now less than 5 wks of CF runway left. Very basic calcs are $1.5m at Dec 31 + $1m placement - $0.5m/mth net cash flow (yep...we are not CF+ yet) leaves us with $1.0m by end of March. Given the $2.8m of trade and lease liabilities (which will not have shrunk since Dec 31), $1m of cash must be very close to the minimum that will be allowed by these third parties.

There are only 4 possible sources of short term cash (my est is for a need for at least $3m):

1) Material contract(s) with upfronts/pre-payables. This is possible but any upfronts would likely be heavily discounted.
2) Material contract(s) followed by material placement to industry/cornerstone player at a premium and maybe a (U/W?) RO...(possible source of leak?). Change of Share registry may be a pre-curser to a R/O??. Yet 3DP should not rely on much from existing Shlders,
3) Super placement (requiring SH approval) and/or RO (min 1 for 4) at a super discount,
4) Mezzanine finance: Please No. This is like giving 'last rights' to equity holders.

I am hoping and praying (the bottom stage of any investment strategy) for a really positive announcement....but any way you cut it.....we need cash real soon!

Cheers