re: where's the carnage? Good points, SilvertreeBut while...

re: where's the carnage? Good points, Silvertree

But while management keep telling holders how sales are getting better, the figures show a different tale. That makes me question the management, which is never a good thing. The last quarterly figures were 'improved' by sales in Malaysia & Protract AD (which I've never seen for sale!).

Here are the sales figures:

1st Q FY05 - $393k
2nd Q FY05 - $357k
3rd Q FY05 - $586k
4th Q FY05 - $384k
1st Q FY06 - $349k

Also, the raising is not fully backed. I doubt they will get the full $2m. And despite what management say, cash burn was $845k last quarter, so they might only buy 2 quarters at the best!