Dubber.Dubber.Do., page-7172

Cash at the last 4C was $56M with $17M burn. Costs reduced by $5M per quarter from Feb 28th back of the envelope is another $17M going out this quarter ( although they state "substantial cost savings to be made this quarter) say $40M cash at bank for the April 4C then a $12M cash burn if revenue is flat. Revenue $14M for the half - assume 20% increase say $3M for second half. $17M less ( $17M + $12M cash burn ) = $12M loss for the half. Cash at bank at June 30 is $28M. If revenue remains flat then around two quarters of cash left. Feels like a large discounted cap raising from strategic investors is on the horizon.