Ann: Trading Halt, page-15

Ha advice from the Board... Some context on the historical advice:

10 November 2016 Market Update: "Our first half result is disappointing however it indicates a portfolio in transition. Regardless of whether or not the proposed Urgent Technology transaction proceeds, we consider that our second half trading results will be a clearer reflection of the sustainable future earnings of the Company."

28 February 2017 Half Year Report: The Half Year Report states that Urgent lost $600k til 31 December 2016

28 February 2017 Market Update: "Subsidiary company Urgent Technology expects to return to profits in the second half as a result of recent new business sales, a seasonally stronger period from existing customers and the benefits from recent structural cost reductions".

29 September 2017 Annual Report: The Annual Report states that Urgent then lost an addition $400k to 30 June 2017 bringing annual losses up to $1mil.

This company is going to burn thru that cash like no tomorrow. Ernst provided the surplus cash flow to keep the head office costs from burning thru the cash reserves. This company is going down much further before it gets any better - If they keep going in the current direction.