Ann: Dragontail Wins Canada's Leading Fast Casual Operator Cara, page-13

Sure thing mate. I'm basing my opinion on the last 4C and subsequent report. We will see if any improvements result from the 30 September 4C upcoming. If you look at the cash equivalents, they are burning through cash rapidly and will need an inflow of cash (beyond the low revenues) to stay afloat. They burned through nearly a million of cash for one quarter and the revenues have not come in. In addition to that, the estimated cash outflows go from $843K at 30 June to $1.482 million estimated for 30 September. For that type of increase (& increase in admin/corp costs), there needs to be some sort of growth to justify.