cnn has to be cash flow positive by june 2012

Assuming PV is unable to place the shortfall, CNN will need to be cash flow positive by June 2012, as per the Prospectus Page 18.

I'd expect we'll need some significant contracts by then given the other capital / general working capital expenditure items detailed.

Given the past 1.5 years has seen significant investment in capacity and development projects, I for one am hoping for a big deal to be signed asap. This should then result in some revenue coming through the doors within 90 days, which should be enough time to get this puppy going.

I for one am optimistic that the tide will change soon but I am concerned of that potential June 2012 timeframe.