Ann: Appendix 4C - quarterly, page-6

Cheers Minrose for your thoughts. However, I don’t share your views on the cash burn side of things. I actually think that they have done a good job with cash burn - $3.7m for the quarter which is on par and even less than previous quarter.

Essentially, sales revenue have grown more than 150% QoQ or more than 70% pcp while expenditure has not increased. That is a good effort.

The reason for the low cash balance is when we actually receive the cash for the sales made. And also forking out manufacturing costs upfront. This should be sorted by the invoice facility. I’m expecting cash receipts of around $3m+ this quarter.

This is a quality business - Pity the SP tho. If the SP was still in the 30s, I doubt management would hesitate to raise say $18m for the issue of 60m shares and set us up for good. This would take their mind off cash flow and just focus on growing the business.