Hi AllI think Hurley raised the question of cash and pointed out...

Hi All

I think Hurley raised the question of cash and pointed out that at the end of the Sept quarter there was $978k I cash on hand.

In the annual report it mentions that after the Balance Sheet date the Company had raised $610k thru' the issue of secured Convertible Notes plus a further $150k subject to shareholder approval. The proceeds of these notes were used to retire some Convertible Notes and provide additional working capital. These notes were issued 10th August 2012.

I can be a real dummy when working my way through financial statements and cannot determine if these funds are shown in the last 4C .Could someone please point me in the right direction as I cannot see either figure.
These are subject to voting at the AGM items 5 and 6 so I assume that we do not currently have this cash, right?

There is a claim of $146k in place for a R&D tax concession for the year 2011 plus a further claim of $158k for year 2012. Not sure when these are to be received.

Last quarter we had a cash burn of $620k so as other posters have pointed out the cash is getting a bit thin on the ground particularly if the Dec oppies also turn out to be a fizzer.however things could look a little brighter if the dollars associated with the Con Notes haven't yet been accounted for...

All clarifications gratefully received.

kippax