Ann: Investor Update, page-13

Thanks.

My calculation is as follows.

Available cash as at Dec-17 3.8m

Say Q3 cash burn is (1.6) assuming no additional revenue and savings on costs.

Q4 cash burn at works again (1.6) assuming no additional revenue and savings on costs

Q1 19 positive cashflow R and D cash rebate around 300k postive assuming no additional revenue and savings on costs.


So at the end of Sep we have a balance of cash at worst of almost $1M not taking into account additional revenue from NETS or Malaysia or additional direct deals they are focusing on as well as no costs savings which they have announced they will be doing at the rate of 1.5 million per annum from Q4 this year.

I doubt they will even raise any cash through the issue of shares, there options on debt financing will be open as well.