Ando1, I think we will have the integrity of management clarified fairly soon. Because of the discussion here about the Chairman's mention of a cash 'resource' of $4.9 mil I sent TNG an email asking for clarification. It was quite a short email along the lines of "was the $4.9 mil a full resource or does it need to be reduced by the debts (about $2 mil) outstanding?
If I get a reply either way then I suspect they are being quite upfront about the company position, even if the resource is gross and badly worded in the Chairman's letter. If I don't get a reply then I would read that as they were hoping to decieve us into thinking we had a true resource of $4.9 mil.
cashflow, page-42
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