Response to ASX Query - Appendix 4C
Document date:
Tue 05 Feb 2002
Published:
Fri 08 Feb 2002 18:23:48
Document No:
210654
Document part:
B
Market Flag:
Y
Classification:
ASPERMONT LIMITED. 2002-02-05 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
ASX QUERY
I refer to the Company's Quarterly Report in the form of Appendix 4C
for the period ended 31 December 2001, released to Australian Stock
Exchange Limited ("ASX") on 22 January 2002 (the "Appendix 4C").
ASX notes that the Company has reported the following.
1. Receipts from customers of $598,000.
2. Net negative operating cash flows for the quarter of $463,000.
3. Cash at end of quarter of $148,000.
In light of the information contained in the Appendix 4C, please
respond to each of the following questions.
1. 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 quarter indicated by the Appendix 4C, the Company may
only have sufficient cash to fund its activities for less than one
quarter. Is this the case, or are there other factors that should be
taken into account in assessing the Company's position?
2. Does the Company expect that in the future it will have negative
operating cash flows similar to that reported in the Appendix 4C for
the quarter and, if so, what steps has it taken to ensure that it has
sufficient funds in order to continue its operations at that rate?
3. To what extent have the Company's actual revenues and expenses in
the quarter, as reported in the Appendix 4C, matched the Company's
anticipated revenues and expenses for that reporting period?
4. If the Company's actual revenues and expenses are not
substantially in accordance with the Company's anticipated revenues
and expenses, when did the Company become aware that its revenues and
expenses would not substantially match the anticipated revenues and
expenses? You may wish to outline any circumstances that may have
had an effect on the Company's revenues and expenses.
5. What steps has the Company taken, or what steps does it propose to
take, to enable it to continue to meet its business objective as set
out in its IPO prospectus? The Company's business objectives and
strategies may have changed since the date of the prospectus. If so,
this should be taken into account in your response.
6. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1?
7. Please comment on the Company's compliance with listing rule 12.2,
with reference to the matters discussed in the note to the rule.
LISTING RULE 3.1
Listing rule 3.1 requires an entity to give ASX immediately any
information concerning it that a reasonable person would expect to
have a material effect on the price or value of the entity's
securities. The exceptions to this requirement are set out in the
rule.
In responding to this letter you should consult listing rule 3.1 and
the guidance note titled "Continuous disclosure: listing rule 3.1".
If the information requested by this letter is information required
to be given to ASX under listing rule 3.1 your obligation is to
disclose the information immediately.
Your responsibility under listing rule 3.1 is not confined to, or
necessarily satisfied by, answering the questions set out in this
letter.
This letter and your response will be released to the market. If you
have any concerns about your response being released, please contact
me immediately. Your response should be sent to me on facsimile
number (08) 9221 2020. It should not be sent to the Company
Announcements Office.
Unless the information is required immediately under listing rule
3.1, a response is requested as soon as possible and, in any event,
not later than the close of business (ie 5.30 pm WST) on Tuesday, 5
February 2002.
If you are unable to respond by the time requested you should
consider a request for a trading halt in the Company's securities.
If you have any queries regarding any of the above, please let me
know.
J Moran
COMPANIES ADVISOR