funding

Captain,

You are a holder so I will back off in saying you should get a mask.

As previously stated only idiots behind them!

Volcano should change his name to Rooster, crowing he has been in an out of POS since 2007 and telling those that held MBN, I told you so!

I will suggest why POS will fund soon.

POS has cash as per AFR 30/6 $2.1m, 2/7 $2.6m, 3/9 $2.5m
Total $7.2m there is another $3.5m pending.

Based on the best case scenario POS costs PA are say $8m -10m per year.

Since 30/6 they would have expended say $2.2m therefore, cash at bank now only 5m + 3.5m.

The AF loan 8m interest rises at 100pt a quarter currently 15% so that's 1.2m pa and rising paid 3 monthly.

Funding is there it is just at what cost!

Any CR at current SP goes to AF as per loan arrangement, nothing left!

Management are not jumping ship so it isn't sinking!

Should funding not be announced within 3 months The Rooster can crow and the board could be guilty of insolvent trading.
I don't think so!

Fund soon shares rise say $2 now you have a rights issue in 2014/15 at $1.50 we all win, buy or sell your rights.
(Example Only)

In concluding, a marketable parcel is only $500 that is if I am correct a possible profit at $1 of say $5,000.

Captain, Santa's coming!