I'm wondering if I initially missed something in the 4C which explains today's SP drop? I notice, and agree with, the observation that customer sales were poor and require management comment. Also low liquidity does accentuate SP movements both up and down.
But also I think something that requires management comment is the forecast of outflows in the next quarter - $4.856m compared to $3.563m. Why so much? A forecast increase across the board but especially in R&D ($719k v $416k) and the mysterious "Administration and Corporate Costs" ($1.685m v $0.962m).
Come on management, how about explaining what your thinking is at the moment and why the near 75% increase in both these categories?
Mar 17 4c, page-3
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