options allocation complete, page-20

Gday BigRed

Yep, I reckon they can.

Operating cashflows were only down 500k for the first quarter, and that is the weakest quarter of the year when it comes to toy sales.

I am of the opinion that a fair portion of the working capital amount in the cashflow report is for goods to be sold in Q2, so depending how much of the Q2 working capital cashflow is for Q3 will dictate the operating position.

Eiher way, i expect to see a revenue increase and a working capital increase next quarter.... but as to whether one will outgrow the other remains to be seen.

Maybe we tread a fine line over Q2 and Q3, but then in Q4 we have a massive revenue quarter but a decrease in working capital as the manufacture of Q1 2009 goods is far less than that of Q4.