Ann: Appendix 4C - December 2019 quarter, page-4

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    He even cropped it like people wont go and read the full thing.

    8.6 If Item 8.5 is less than 2 quarters, please provide answers to the following questions:
    1. Does the entity expect that it will continue to have the current level of net operating
    cash flows for the time being and, if not, why not?
    Answer: At this time the sole focus of Invion activities is the development and
    commercialisation of the Photosoft™ technology. The development of Photosoft™ is
    funded via an R&D agreement with the technology licensor, The Cho Group. Under
    this agreement, which was approved by Invion shareholders at the 2017 AGM, The
    Cho Group funds the fully burdened costs of development - including research,
    development and associated overhead costs - to meet pre-agreed development
    milestones.
    Funding and milestones are agreed on a quarterly basis by a Steering
    Committee between the parties.



 
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