Ann: Quarterly Cashflow Report, page-4

Yes Vic, you are 100% correct.
The only aspect that saved them from bankruptcy was the $4.1m in income tax refund, whch wont be happening in the current quarter.
35 units sold for the quarter, a decrease on the same quarter last year, despite all the stack improvements etc.
Do we start guessing when the administrators will be called in yet? It appears to be by the end of March or maybe just into April would be my guess.

Before all the rampers jump all over my post, please state if YOU have bought a unit yourselves. If the answer is no, then that tells you why this is a dud!! How many directors have bought units? I believe the answer to that is 1, and he is a centi-millionaire, of which the cost is a weeks bank interest or some such.

Only a few weeks ago some people were still touting what a good investment this was at .7c. Now down to .4 so nearly a 50% loss in the last few weeks!!