the bank', page-4

Captain,

Agree deceived by a few DS statements and the viability.

Report 30/6 Cash and receivables = $4.7m

30/9 Cash including receivables = $2.7m

So that equates to:

Cash $2.6m 30/6 plus $2.1m July plus $2.5m September = $7.2m - $2.7m on hand.

Where has the $4.5m gone in the period 30/6 - 30/9?

Running costs according to DS $700,000 pm =$2.1m.

Interest to AF $1.2m short $1.2m.

As I said previously I figured they would run out of cash end of January (excluding the $3.5m).

Hence my belief they would fund at any cost prior to then.

I admit I was wrong in my assumption.

Maybe the Mormon "Bud" will get the Tabernacle Choir to take up a collection.

Then again you can pull rabbits out of hats maybe you can get the Easter Bunny to come early.

I need a stiff drink and its only 7am!

Col