28 Apr 2006quarterly activities report● Neutral
Quarterly cash report to 31 March 2006: operating cash outflow of $62,000, with cash falling to $1.63m. No revenue is reported.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Apr 2006asset acquisition disposition● NeutralMajor
Heads of agreement to buy 100% of Perception Pty Ltd, a media and games developer, for 90m shares at $0.05 plus 25m options. Perception holders would own about 42.66% of the company. It is subject to due diligence and shareholder approval.
28 Mar 2006annual report● Neutral
Auditor Ernst & Young's independence declaration and clean audit opinion on the 31 December 2005 financial report. It contains no new business or financial information beyond the preliminary results.
14 Mar 2006annual report● Neutral
Preliminary 2005 results: profit of $3.78m, driven by $4.196m of debt forgiven under the Deed of Company Arrangement. Excluding that, the company made an operating loss of $171,553. Cash was $1.663m and revenue was only $38,000, mostly interest.
14 Feb 2006material agreement termination● Neutral
After due diligence, the company has ended its Binding Terms Sheet with Proactive Energy Developments (announced 12 December 2005) and will not invest. The board says its main focus remains digital and media technology, especially point-of-sale indoor advertising.
23 Jan 2006quarterly activities report● Neutral
Quarterly cash report for Digital and Voice Media (the company that later became 88 Energy) to 31 December 2005. Cash at quarter end was $1.663m, after $2.293m raised from shares over the year. Costs of the Deed of Company Arrangement are shown.