Ann: Netlinkz Announces Funding Update, page-19

The $29m funding deal does not stipulate what price the share price will trade at for the funding.

I understand its 3.7 cents for the first lot of shares for the deal . It does not stipulate the share price to be paid on future drawdown. This needs clarification. Netlinksz current market cap is $40m so if its got a funding deal locked in at 3.7c a share its just purchased 40% of the business at the basement price. I doubt if Netlinkz are that stupid but I suppose we will find out soon. If someone knows this answer please publish on hot copper.

The company states it will use the $29m as the primary funding option for capital to develop product. I can only assume from this that it feels it will not be breaking even any time soon.

The lack of any forecasts is concerning. This is my major problem.

No forecast VIN sales and No budget provided for upgrades to software.

That means we only know what income is and what has been spent after the fact.

I hardly believe this management could run a business without a budget forecast. Why cant they share it with the people who pay their wages.

That is not acceptable.

The company is only assuming $15000 VINS sales and no growth in the next qtr according to the financial statements.

Why would you have a target of ZERO increase in sales for the qtr?

I hope that we get the monthly sales data every month as promised by the company as thats all we have to indicate sales.

I have no idea why all of a sudden we are getting $50k a month from the reseller.

I thought we get a royalty on sales as per previous announcements at about 90cents per month per vin.

If anyone can enlighten me on this that would be great.