$3m @ 3c, page-32

Hi all.. i have been requested to take a brief look at this company by a fellow poster... I have an interest in this area of business and as such tried to study the business model a bit more and hoping a few of you can answer my questions as I have reviewed nearly every release in the last year.

1. As @retiredyoung pointed out that COGs % were too high.  Would estimate that receipts would need to be i nthe vicinity of around $2.5mil per quarter to get to break even?
2.  Anyone understand what the massive goodwill impairment of some 2.5mil was for in the 4E?  It does not give details.  Is this in relation to the gold assets?
3.  Does this company purely get revenue from product?   Do they have a monthly maintanance fee per product? Or do they get ongoing revenue from their portal/SaaS dashboard?
4. read in a broker report that performance options kick in if 15mil in revenue is achieved for CY2018.  Big stretch and a good target as long as they are then making a solid profit at this point.  However is that applicable to the whole 150 mil shares (there are 2 tranches)?
5. I personally challenge the Free cash flow for CY19 given current COG margins.  But hopefully I am wrong.



Very interesting company that I may take a dabble in