cromagnonman you can too!!, page-9

re: elena - answer the questions Elena,

At 30 June 2003, MUL had a net asset deficiency of $1.1M. Same time, it had current assets of $4.1M, including cash of $200K and receivables of $2.6M.

In August 2003, MUL raised $4.25M from the clients of Findlays. Between July and September, a further $300,000+ was raised from other sources.

On 30 September, MUL had "liquid funds" of $1.7M.

So exactly what sort of burn rate are we dealing with here?

Improving or deteriorating?

And, is the Company now self funding or is it in need of a further capital raising?

And, what has happened to the $4.5M raised since mid-August?