conflicting reports. , page-8

from the prospectus
Use of proceeds of the $4,611,880 rights issue
1,600,000 Capital required to meet locker bank supply, commissioning and servicing contract obligations with Singapore Post
800,000 Capital required to support funding and deployment of the Company's parcel lockers in Australia as part of the Company's community locker network initiative
200,000 Development of new modular swing handle to support launch of new low cost upgradable IXP device underpinned by OEM supply contracts
1,591,880 General working capital purposes to support the Company's business plans and to support growth into Asia
420,000 Expenses related to the Offer

The above table is a statement of current intentions as at the date of this Prospectus. As with any budget, intervening events and new circumstances have the potential to affect the manner in which the proceeds are ultimately applied. The Board reserves the right to alter the way proceeds are applied on this basis.....

However they should notify the market of any intention to alter the way the proceeds are used,.....one would think the 1.5mil is material in nature and the market required to be informed???