Ann: Appendix 4E and Annual Financial Report FY17, page-5

Wow,

Going Concern issues raised by Auditors - UBN supposedly have other backers prepared to commit more money to this??? I can't see how.

Execs are paid $300k+

How is the segment revenue for Urbanise, just over $1m for the year. Without mystrata this company would be completely dead.

They bang on about recurring revenue - I wonder what % Urbanise has of this compared to mystrata.

How these guys lie straight at night is beyond me, it is just about criminal.

How is Argosy - cold hard cash getting flushed away.

Now they are relocating to Melbourne and Sydney, clearly not able to break into Dubai, Middle East, after so much fanfare. What is this costing.

How about the rightsizing the costbase - only $60k in costs, maybe they put off the secretary and cleaner in Dubai

What is the new headcount?

Still truckloads in Goodwill and Intangibles - really should have been written to zero.

RIP