Good result, page-3

Good luck with this thing...you will need it.[/QUOT



a loss includes 10 million in listing costs

cash wise i am NOT concerned the cashlow statement format they present is a poor one in my view, companies like Jb hi fi for instance show change in working capital balances i.e. cash used to reduce creditor and payable balances. If you look at the balance sheet creditors and other payables have reduced significantly, i suspect cash has been used the decrease creditors.

you must not have bought medibank either or any public float as they pay special dividends before they list, not a whole lot different to founders exiting companies on listing in my view. they obviously chose to take a combination of shares and divs

if 3pl replicate their proven modern day learning tool that has a great reputation and proven model to teach in other o/s markets this thing will be big...