Ann: Appendix 4C & Quarterly Activities Report, page-8

On the cash issue the unknown is how much revenue they can generate with TG. No indication of what the revenue from this segment was in the last qtrly (unless I have missed something). Only thing we have at the moment that I am aware of is the Clearpier deal which had minimum spend provisions.

Seems like there will be a reduction is costs as @Permabear suggests but not from operational staff which seem to be increasing. Looking at the cash outflow prjection fro next qtr from the 4c there is an approximate 25% reduction in costs estimated but an increase of costs in the operational staff. This could be due to some rotation of staff out of other areas of the business eg R&D has a staff cost component also as far as I can tell. I am not clear how much of last quarters costs was associated with marketing as opposed to TG. @Permabear was suggesting that it was most the quarter but I was assuming only 1/3 of the qtr based around the sale announcement timing but it coulg have dragged on after the announcement.

Based on what we know and assuming very no to very little revenue then yeah before and after todays announcement we only really have 2 qtrs left before they would need to cap raise. They could probably cut costs a little more to extend this if client acquisition is slower than anticipated.

The big unknown at the moment is income. As stated before they have a minimum of $150k coming in per qtr from the Clearpier deal. I would hope that they could get minimum 150k per qtr (increasing as time goes on hopefully) from the Omnicom deal given the fact that they are bigger but only signed up for TG not nxus. The self serve players would almost definitely be much smaller at this stage. I can only find confirmation of one but I imagine these will pick up relatively quickly given all the leads from the legacy business. There is also the contribution from clearpier from profit of the PM business. So there is probably over 300k per quarter there as a minimum, which should pick up quickly. Without anything else we should at least be able to eke out another quarter (so 3) before considering any additional uptick from new signings.