Ann: Intention to Make Takeover Bid for QOL , page-7

re: Ann: OUM: Intention to Make Takeover Bid ... OUM doesn't seem to be any improvement on QOL.

27/01/09 OUM share price drops by 23.8%

Last quarter cash burn was $790,000. Cash on hand $2m approx.

Where is the cash coming from to expand OUM or QOL ???

Take over quote " Both OUM and QOL acknowledge that OUM will use its best endeavours to secure additional funding to ensure the ongoing commercial activities of the company"

What a meaning less statement !!

OUM doesn't seem to have enough finance to fund its self let alone QOL !!