Ann: Continued International Sales Success in Hong Kong, page-18

I tend to agree with nano_land the announcement about the extension is slightly curious? Clearly not material in a monetary sense. Therefore what is the reason for it?

I suspect the upcoming 4C will be disappointing? There is clearly some cyclicality in the business, and this quarter will not have the benefit of prepayments. The announcement in my view was strategic in trying to focus investors away from the actual and toward the potential ... does not appear to have worked.

By my calculations based on historical gross margins, and operating expenses the company will need to do between 18-20m of revenue to get to cash flow break even. In my opinion the prospects of this occurring are remote. I suspect revenue for the FY18 will probably land in a range of around 10-12m, which in my opinion makes a cap raise likely.

Lots of promise and potential, but sales execution has been underwhelming to date.
Not sure how this changes?
I still believe the cost base is way too bloated. c.21 staff with employee costs of around $4m equates to an avg salary of around 200k per employee!!! Too many people in the C-suite not adding value.