Ann: Trading Halt, page-38

again @Trans, unless you are suggesting the Quarterly Activities report to be incorrect or misleading, then Operational Cash Flow was minus $1.7m, repayment of debt if it did occur did NOT come from Gross Sales margin

Reduction of debt may have come from further capital raisings, like the early April one just beyond the scope of the Quarterly Activities report that I am referring to as our last update to the market and picture of the business, but then that is raising Capital to pay for debt !!

Funnily enough, that recipe of accumulating debt and cap raise after cap raise is not an unfamiliar one to members of the FOD Board.

So I reckon there's some thin ice beneath a few of the skaters in this rink.

Corporations Act 2001 – Roles and Responsibilities of Directors

Care and Diligence

Good Faith

Not to improperly use position

Not to improperly use information