Ann: Appendix 4C - quarterly, page-3

So they have 600k in bank
They owe 600K on loan due in 31 oct 2018.

They budget for quarter they will
earn 4 mill
spend 3 mill

So by end of sept quarter they will have 1.6 mill in cash assuming they sell enough units and will have loan to repay in 30 days.

Ens of October on same budget metrics they have 1,5 mill cash

Talk about sailing close to the wind with large fixed outgoings, new chinese duplicate production facility and possible teething problems , lots of newish staff.

What is pumpable about this story unless they are sitting on orders and not telling the market and are then able to manufacture units unless they have inventory already.

This is hand to mouth unless they can cut costs or get sales at decent margin. Without more $ they will be back begging for more $ or simply go bust?

3 billion shares on issue. Options probably won't get spread so will be unlisted?

Great product been decimated for years by poor management and sales. Now chasing retail industrial markets in multiple countries with no incountry knowledge.

Biggest thing I see is that many commercial operators will want front and rear so may wait . 2nd issue is Dura are not waterproof just dustproof ??

Last one is margin? Better find out margin they have now and budgeted going forward as they have a massive fixed costbase and it isn't a high volume product and little trailing income from spare parts for a while on new product line.