all over red rover, page-34

possibly but mind that you havent seen a balance sheet since june 2009 as they have deferred the dec 09 financials. I suspect that since june 30 2009 there has been a very significant loss incurred as well as a large increase in debt......and it probably continues to bleed cash. I would guess that you need to add in another $30m of debt at a rough guess for operating losses incurred since balance date.....just a thought....and dont forget future costs and costs to run the MIS projects....