Ann: Appendix 4C - quarterly , page-4

Maybe I could do a quick calculation from the quarterly result and make into a quick really simple summary in case anyone missed it

Highlights from the quarterly

4k revenue (up 400% from last qtr??)

Staff costs a whopping $195k ??wow. But the website looks great

Research $65k. ??

Interest from finance $21k (more than 5x revenue)

??Other working capital?? $175k ??????

So $4,000
- $195,000
- $65,000
- $21,000
- $175,000

= (452,000). Wow now that is how you burn cash.

This can be covered by issuing another 226,000,000 at 0.002 but to be realistic they will probably struggle to raise at that price unless it is another company James owns. Possible the best case scenario would be 452,000,000 shares @ 0.001 plus one free attaching
Option per share. That is nearly 1 billion new shares to be issued every year just to cover operating costs with an asset that has produced $5k so far.

To be honest I doubt they are going to be able to sell enough shares to issue for cn or cr. I wonder if this horse has run it's last race or will they find a money tree