matchboxthe capital raising is only a stop gap measure - and...

matchbox

the capital raising is only a stop gap measure - and will raise, after expenses, $1.3m. believe it or not, but most of that money is already gone.

at dec 31, the company had a working capital deficit of about $800,000. after allowing for expenditure since then, and capital inflows - the figure is probably still the same.

in the last quarterly, borrowings increased by $270,000.

after the issue, the company will have about 1.2bn pieces of toilet paper(in electronic form), on issue