Ann: DIRECTORS ESCROW 91% OF HOLDINGS, page-46

I don't think we are currently limited by cash in bank. $2.6mil in cash plus access to ~$750k in loan facilities = pretty much no chance of needing to do a raise in the near future (they could spend an extra $1mil on conversions this half and still be good). It would delay positive cash flow for another two quarters though. That would be fine though as revenue would be brought forward. If they want consecutive cash flow postive quarters for financing they should inform us of this reasoning, given we acknowledge this will likely lead to a better deal.

They have stated they are currently limited by available staff being able to sign off on connected strata. This being the case they would not be able to ramp to 10GW in sth Qld even if they wanted to. Hence, expansion interstate plans. An extra layer of complexity begins when newly formed entities have (or have current applications awaiting) approval to sell via a similar business model in the same jurisdiction. How is our access to those same staff going to be affected if there is now competition for those staff (and therefore ability to ramp up conversions)?