Ann: Quarterly Activities and Cashflow Report, page-8

Company should have enough cash to see us through a couple quarters by the looks of it. Hopefully by then our SP has risen off the back of Redmoor and we can raise at higher prices.

Not long ago these guys only had about 200k in the bank with much less on offer and the SP wasn’t too far from here. They obtained funding at a great premium from RCF for a loan which has been now paid back. It wasn’t until last year at around 2c from memory that they actually offered a placement to sophistaced investors which the SP was at multiple times higher at that point.

Could be wrong but i think a CR could hold off for the time being until management get things rolling again