deal time?, page-34

ROTHFLMAO.

Step 1 - learn to read a 4C
Step 2 - develop a concentration span longer than a second
Step 3 - go a little further than the last one
Step 4 - wait for the cr before becoming an ADO shareholder

Seriously - read the 30/6/12 one which show the total cash burn for the whole year is $2m not the $4m you are implying.

Just looking at the last 4C like you have you can see on a side by side basis that recurrant expendature like salaries actually dropped and controllable or non recurrent such as marketing and other working capital (like conference costs and travel and legal fees etc) rose so it is more likely that the cost burn alone will still be about $800k per quarter and govt rebates and adhoc income excluding the eBio deal will repeat at about $1.2 giving a net burn for a 12 month period of . . . . . wait for it . . . . $2m again.

It's Q1/2014 and most likely Q2 now given the 'paid for work' model starting to emerge plu whatever actually comes from the eBio deal - obviously management are estimating $2m pa but think it could be $1m or $4m.

If none of that comes about then a cr by Q3 2013 is definately on the cards. If tey announce eBio product with M&G is on shelves then there will never be a cr except for the reasons I wrote in my last post - you must have missed that one.