The All-Important Appendix 3C, page-9

They will be minimal and let's be honest, the Japan sales were never going to solve the cash problem!

Oh, I think some posters might beg to differ with you on that. At the time MSB gained approval to access the Japanese market there were some rather strident opinions being offered that expressly listed Japan revenues as a funding source for MSB, to such an extent that it might eliminate any need to raise more capital. But of course they have needed to raised additional equity - twice.

I haven't listened to the webcast yet, but I will be interested to see what reference was made to Japanese revenues, if any.


""More of interest to me is the cash burn rate, and they should have approx US$40m in the kitty at Dec16, with the US$20m coming in the Mar Qtr"

Well, given the stated $25m cash burn indicated by the company, and of you say that Japan won't count for much, then the end-of-year-cash balance will be closer to US$35m. And if they chew through, say, $20m in the current quarter, the'll be back at US$35m at the end of the quarter.


The conference overnight also sounded a lot like an advertisement for CHF and another partner could be in the mix of the read out this qtr is positive.

CHF advertisement, indeed! I couldn't have put it better myself. However, one would have hoped that, at this late stage, any serious partners wouldn't require advertising to.