MY CASINO LIMITED 2000-08-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
ASX QUERY
We refer to the Appendix 4C quarterly cash flow report for the
quarter ended 30 June 2000 (the "Appendix 4C") for My Casino Limited
(the "Company") lodged recently with Australian Stock Exchange
Limited ("ASX").
ASX notes that the Company has reported the following.
1. Receipts for the quarter of $2,678,000.
2. Net negative operating cashflow for the quarter of $3,405,000.
3. Cash at end of quarter of $6,650,000.
It is possible to conclude on the basis of the information provided
that if the Company were to continue to expend cash at the rate for
the last quarter indicated by the Appendix 4C, the Company may not
have sufficient cash to fund its activities for the quarter ending 31
December 2000.
The Company's prospectus dated 23 March 2000 set out the following
expenditure program for commitments consistent with the Company's
business objectives (excluding payments to be made immediately, for
example, costs of fundraising, repayment of loans, etc).
* Ongoing development of the My Casino website and
associated marketing initiatives, including capital
items, software purchase 3,000,000
HOMEX - Perth
+++++++++++++++++++++++++
ASX QUERY
We refer to the Appendix 4C quarterly cash flow report for the
quarter ended 30 June 2000 (the "Appendix 4C") for My Casino Limited
(the "Company") lodged recently with Australian Stock Exchange
Limited ("ASX").
ASX notes that the Company has reported the following.
1. Receipts for the quarter of $2,678,000.
2. Net negative operating cashflow for the quarter of $3,405,000.
3. Cash at end of quarter of $6,650,000.
It is possible to conclude on the basis of the information provided
that if the Company were to continue to expend cash at the rate for
the last quarter indicated by the Appendix 4C, the Company may not
have sufficient cash to fund its activities for the quarter ending 31
December 2000.
The Company's prospectus dated 23 March 2000 set out the following
expenditure program for commitments consistent with the Company's
business objectives (excluding payments to be made immediately, for
example, costs of fundraising, repayment of loans, etc).
* Ongoing development of the My Casino website and
associated marketing initiatives, including capital
items, software purchase 3,000,000
Text zur Anzeige gekürzt. Gesamten Beitrag anzeigen »