Ann: Dubber chosen by Big 4 bank, page-289

You can’t do a CR when you are almost broke. We agree that they’ll still have 4m cash on hand at end of MAR quarter but the Bank project revenue dries up also. By the JUN quarter they will be burning about 2m – 2.5m, on the back of only 200k revenues (or let’s put on our rose coloured glasses and take a massive leap of faith and double that revenue and call it 400k). This still leaves only 1.8m – 2m cash on hand for the next quarter. So unless subscriber numbers suddenly go through the roof, and these mysterious customers all start paying their bills immediately upon sign up then DUB will be looking to do a CR around June as things currently stand (I am speculating and expect CR at 0.50-0.55 to institutions who missed out last time). TCB you have these numbers why can’t you see this?