TAS/EDE relative values, page-560

Your cash at the end of the quarter is incorrect, you are using the consolidated EDE and TAS balance which in my opinion is utter bullshit and is giving the wrong impression to the unexpected.

You need to look at 5.1 in the accounts to see TAS only holds $422,000. A far cry from the supposed 13million it states otherwise.

TAS has 2 maybe 3 more quarters to go before a cash injection is needed. I say 2 if there is bugger all option conversions or 3 if there is a decent amount in the tune of another 200k or so. We need to extend the 422,000 for another 12months to get to the expiry date of all the options which can add a significant amount to the coffers, but I can't see TAS living off the options proceeds for a further 6-9months without some kind of capital raise, even though it would only need probably 500k... maybe EDE might give TAS a loan?