maths , page-9

I have followed this company and PB for over 3 years holding stock for about 6 months from early 2011 to around mid 2011.

I believed in this company and PB like many others. I am holding zero stock now and don't intend on holding any in the future unless I see some key contracts signed and the money coming into the bank.

This company is now debt-laden with no cash in bank. A far cry from where it was 2 years ago with approx $500m in the bank and no debt.

Cutting costs is not going to ensure profits in my opinion - this is misleading. Cutting costs will only reduce the cash burn rate in the immediate future.

Would've been nice to hear about what other cost cutting measures were taken other than reducing employee numbers.

An anticipated cash surplus of $15m in FY13 from oil operations is not going to cover the $76m cash burn for FY13.