ventracor administration, page-2

I don't have any update except that the efforts are on to have discussions with the Voluntary Administrators.

Last we know there are about 150 (115 VA4 and 35 VA3) ventrassist in inventory. No breakdown whether at the hospitals or at hand.

At a cost of manufacture of each at A$30,000, that works out to be around A$4.5 Million.

So this proves our calculations as correct - almost. The same calculations also indicate that the possible cash available is around A$8 Million. A cash burn rate of around A$ 1 million per month with lions share of that taken up by our much beloved CEO Mr. Peter Crosby.

Anyway the response from the VA is positive. May be better to send a mail just to make sure that the VA understands that there are a lot of disgruntled shareholders with the present management team.