Ann: EAS Advisors Appointed as Corporate Advisory Firm, page-5

Company treasury dropped below $500,000 in December 2018

And $1.2m spend budgeted in this Jan-March quarter. Assuming a steady outflow of cash over the period (a reasonable assumption considering the majority of expenditure is salary & admin) Kalina currently has around $76,000 left.

The company spends $15,000 a day (7 days a week). If the above figures are correct, KPO may not have enough money to see through the week (this doesn’t account for any overdraft or credit facilities that might be in place)

(This assessment is based on my own calculation from data in the quarterly report. I encourage others to check my figures and let me know if they seem accurate or I made a mistake)

And now the company drops a market announcement confirming they have appointed EAS Advisors - a firm specialising in ‘capital market services’?!? What are we supposed to make of that?

Big couple of weeks coming up for the company imo. And an extremely perilous time for current shareholders