in theory

I'm feeling a bit more comfortable now with the capital raising. Short term debt could have proven to be a noose. As unlikely as it is, if everyone takes up their entitlement, percentage of holdings is not eroded. Look on the bright side, the company will save around 11% or 12% on our 15 million.

Anyway, I am playing with figures, and in doing so making a few assumptions going forward. I’d like to bounce them off anyone prepared to comment.

I’m looking at potential savings in the half yearly Consolidated Income Statement

Firstly Accounting, Auditing, legal and public company expenses for the 6 months to December was……… $846,000! Now given no acquisitions have been flagged, consolidations of businesses, no fights with rival companies and no major financing, I’m thinking this could be halved, is that fair?

The other figure is the Borrowing costs of 1.858 M. after flicking all the short term debt, this should substantially reduce to ??? or be eliminated???????

Heaps of things to weigh up but so far conservatively and with zero revenue growth, found 4.5 million to add to 6 million EBITDA for the HY....... all in theory of course.

Oscar

P.S.Not sure if I posted this before, but for those interested heres a snippet I found in my notes-
The Mess+Noise audience generates 4 million page views per month or 28 Million Hits and picks up almost 3,000 kgs of Mess+Noise magazines

PPS I'm happy to hear negative comments on DES, in fact any comments on DES.