Not two quarters Stickshift. Only enough for the current...

Not two quarters Stickshift. Only enough for the current quarter. This report is based on cash at the end of March.

Burn rate is $360k per month which is consistent with their longer term average. Didn't drop to "next to nothing" as somebody repeatedly said it would. Work still ongoing.

$1.281m at end of March was equal to 3.5 months of cash. That was as at 1 month ago so now down to 2.5 months of cash as of next week at current burn rate. Enough to complete this current quarter but not enough to get us even to the next quarterly.

I suspect they deliberately left 8.5 blank because using the formula provided would have been misleading due to the R&D money artificially making the loss last month look smaller.

I fully expect them to follow up this announcement with the CR announcement in "coming days". Last time it was 3 days later. At this point its inevitable. May as well get on with it.

PS. It was nice to see that they didn't use "coming weeks" in this announcement. Its now coming months again.