Future Mobility Solutions - FMS [was Sealegs - SLG]

[haewai]

Zero mention of Lancer. Where did that million dollars go?

Not zero mention. It's part of Sealegs International.

Admin costs at 11 mill up from 5.5 - I assume this includes the research costs, which I would imagine are much higher than 450k (development). To me this is the big one.

I thought admin costs should increase alongside other expenses due to the acquisitions. Revenue also doubled of course.

Cash on hand 2.2 million, Cash outflow from operating activities 2.5 million, cash to Willard 31 March 2020 US1.5 million. More high interest loans on the forecast, or another share issue?

Yes, a worry, but the difference could easily be made up through a single sale representing 5% of annual revenue. Still, its a risk.