Another $ 1,47m cash burned in past 3 months, page-30

SuzyP777

I agree in part, it's frustrating that they are still burning, but not sure it's as bad as your analysis suggests.

Firstly, the new management has launched a new watch and culled the overseas operations. Both require investment this year, and in the short term this cost is likely to outweigh the benefits.

Secondly, the burning of $3.4m includes $0.8m in one offs. Companies often claim one offs and then repeat them next time, but in this case all the changes suggest that this is non-recurring.

If you believe this to be the case, the case burn is trending down so I'd say they are not about to run out of money. Bear in mind that Q2 is a key selling period but most cash will be collected in Q3, so hopefully cash would have increased in January.

The numbers spilling over the two pages is not usual, so I wouldn't read anything in to that.

The jury is still out on this mgt, but the 4c had something for both bulls and bears. overall I think mgt are building a much better business, sadly they still have their work cut out to show it in the profits and share price.

good luck