IMO, it is simply futile to ask questions whose answers require market announcement beforehand because if EN answers them giving new information
he could be deemed to be not abiding by the continuous disclosure rule.
The best strategy, IMO, is not to ask whether a CR will be necessary before LYC becomes cashflow positive is to break down the direct question into say three
parts and then infer for oneself the answer based on EN's repoonse to the 3
qualifying questions.
This "circumambulatory" approach makes better sense.
EG: to ascertain LYC's likely cash position at the 31st March 2014 we simply need
to qualify its forecast cash-flow for this period
(1) its forecast income
(2) its forecast outgoings
(3) its cash at the 31st Dec 2013 (we'll know that by the Q&A session)
So, IMO, the task for the wise among us is to ask 3 or 4 questions at different times during the Q&A session which will qualify (1) & (2) above rather than go for the "Q" spot right away. Its a kinda like going on a date if I remember that correctly and probing with an innocent instrument !
Perhaps the balance sheet wise among us could suggest the appropriate questions to put the matter of a CR to bed (so to speak).
Cheers
Moorookamick
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