Ann: Appendix 4C - quarterly, page-7

The cash burn is what was expected when they announced the PFG loan.

Below are my calculations based on future sales and costs. Some assumptions are being made but consistent with Wayne's prediction of cash flow positive by end of 2018.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0		Jun-17	Sep-17	Dec-17	Mar-18	Jun-18	Sep-18	Dec-18
1	Receipts	4.52	5.16	5.99	7.07	8.48	10.18	12.21
2	R and D	0.65	0.18	0.20	0.50	0.50	0.50	0.50
3	Product Manufacture	2.08	2.16	2.20	2.30	2.35	2.40	2.45
4	Marketing	0.47	0.80	0.80	0.80	0.80	0.80	0.80
5	Staff costs	4.36	4.09	4.10	4.20	4.25	4.30	4.30
6	Administration	1.59	1.68	1.50	1.50	1.50	1.50	1.50
7	Other	0.18	-0.02	0.00	0.00	0.00	0.00	0.00
8	Government grants	1.65	0.03	0.00	0.00	1.50	0.03	0.00
9		-3.16	-3.71	-2.81	-2.23	0.58	0.71	2.66