Ann: Priority Offer to Shareholders closed, page-37

say what JB?

Better learn to keep it simple and read the quarterlies...or you may convince yourself of something entirely untrue, and very important like cash position.

Cash end Dec $1.49m
+Shareholders $576k
+ Shortfall Placement $1m

Minus raise costs circa $100k

Minus Acquisition $2.5m

Minus 2 months since end Dec (Q est outflow $200k per month).


I actually reckon they had $400k, but since Feb is nearly up, reckon kitty is nearly dry.