rubbery figures, page-3

Well abu although there is no certainty with projections, the scenario might play like this.

$11.8m at the end of september.

$9.3m at the end of december.

Therefore they reduced outgoings to $2.5m in 3 months.

To get that figure they must have cut costs to the bone.

In the 6 months to the EFY you might project if the cost cuttings are as severe for VCR to spend another $6m.

Which then leaves $3.3m
In the meantime it gives them breathing space to find funding.

For those who say we don't need funding, it's plain to see with such severe cost cutting going on that i reckon there wouldn't be many devices being made or any R&D going on either.

The place would be running on life support at that level of quarterly spending.

And although i'm not as smart as the guys who want to change the board, at bluescope, where i work there's a similar drive on and believe me before most of the plant went on hols, there was no capital spending or repair work going on at all.

What the Gdavids of the world will do for money at the end of the financial year is anyones guess.

Abu its obvious you never got one of the letters or you could see for yourself.

Its easy to put a few projections on paper and make it rosy for the dissalusioned among us but nothing rarely works out to plan.....ask the present board bout that.