Ann: Appendix 4E and Financial Statements, page-7

Yes one off write down of basically their purchased investments in brand values, but they made a 67million loss and the writedown was only 46million.

Asset backing per share is negative, current payables are a staggering $31million so the additional 6 million from today's announcement doesn't look so good anymore. Seems they need a lot more.

They might have turned things around recently but at a quick glance this seems a little troubling still. Needs a significant turnaround in cash or dilution will occur.