Ann: Appendix 4E - Financial Report-RDG.AX, page-135

Where did you arrive at $2m? Market cal is still around 17 m market cap at the 2.7c share price? less cash backing of 13-14 m is still 3 mill for the business i guess.

then again there is some payables and all to net off, I think when i did a net of the two I was at circa $6-8m cash.. assuming fixed assets never sells at full book value in a fire sale I assumed all payables had to be extinguished by easily recoverable receivables (which even then I took a conservative approach) and therefore majority was offset by cash.

It would be good to hear forward guidance for the year on revenue or contracts/the order book. And hopefully some news on a potential acquisition. Would hope they could acquire a business similar to this which is cashflow positive or with a sigifnicant war chest and is looking for another partner to do the same and grow some scale.