Ann: Preliminary Final Report, page-30

Ooogerbooger - The $1.8m intangible assets refer to the much vaunted Patent portfolio around MK...refer to here...

http://www.cellmid.com.au/content_common/pg-key-patents-and-ip.seo

and here....http://www.cellmid.com.au/content_common/pg-lis-of-key-patents.seo.

As time marches on, the expiry of those patents gets closer....and remember, they are an intangible asset - so the value of them will be debatable. As time runs out - so do their value.

Congrats on your Diploma. I can't match that - but I have had a bit of experience in starting and growing successful businesses from a "square wheel" position and I can tell you, the requirements remain the same, whether you are a sole trader, a partnership, a private company or a public company.


It starts with capital and it ends in capital management. In between times - it is mainly about establishing (& growing) cash flow and cash management. Get either of those wrong and you are history.

No disrespect Oooger, but there are many examples of multi national companies - with highly qualified CFO's and Accountants etc who can attest to that after seeing their castles crumble.

CDY are currently taking 63 days to sell their inventory and 55 days to get paid for it. In 2016 & 2017 - receivables were turning over 15 times a year BUT in the 2018 year those receivables only turned over 7 times. Please don't try and tell me they are irrelevant ratios to CDY.

You are entitled to your view mate - but so am I...and I am not going to argue with you. Enjoy the rest of your weekend and let's hope CDY gets it act together in a "tangible" way eh.