fixed and floating charge removed, page-7

Thanks regellen for the explanation, I thought you meant producing rather than reducing cash, never the less your explanation was good.

It is interesting you liken it to a cow producing a calf
(this could be a cash cow one day) but it shows my naivety because when you mentioned Funk and Wagnalls I thought it was rhyming slang for the complete procedure to the production of a calf, (I am not a country boy but I know there is a bit of Funk before the wagnalls appear) I had to rely on good old Google to enlighten me, I only new of Encyclopedia Britannica and wiki.
It just shows how some of us are getting completely hooked on the Internet which I suspect is good for the future of HYRO.
I dont buy the AFR but looking into the email version, so did not see the article or cartoon, but Bill seems to be very switch on, he has probably read "Funk and Wag" from front to back and obviously knows how to get a Calf out of a Cow, or turn "wine into water"