Ann: Appendix 4C - quarterly, page-6

There're still spending way too much for my liking. The +$4m on working capital needs way more of an explanation as this is way too high for a company of it's type. Also, $3m of sales vs $2.8m of cash received may debunk the notion of a decent receivables book. I think they need a bloke in the team who understands finances rather than a bunch of spend thrift financially clueless doctors. Personally, this 4c is a huge disappointment. I say cut sales staff massively for a few quarters and see if growth in sales maintains trajectory.