Ann: Appendix 4C - quarterly, page-7

Not really mate. There are so many positives to takeaway from there. Yes, the cash burn was higher than expected but the reasons have been clearly highlighted and they sound fair. They have also received a $1.0m in receipts later than expected so hasn't been included in the quarterly which should reflect in the half-yearly report later this year. Signed an extension with Bank of NZ. Expected quarterly cash burn for the December quarter is in-line with the guidance. One or 2 new contracts and we will be flying.

Yeah so, at current levels of 2.4c, it is a STRONG BUY, in my opinion. DYOR.