Run up since December, page-2

Hi Pinto, yeah I’m of a similar view, the December quarter should produce a minimum of $5.5m.

From the - 2016 Year in review - released 12 December 2016
“Over the first three calendar quarters of 2016, Alexium realized $5.74m in cash receipts ….”

As per the quarterly 4C’s this was $1.070m (Q1), $0.866m (Q2) and $3.807m (Q3) – which total the $5.74m stated above and is AUD.

… we are on pace to increase our CY2015 cash receipt total of $0.94m of over $10m, a year over year increase of over 12x”

Now also note “on pace” doesn’t necessarily mean they had achieved it – the statement was released on the 12^th with some 19 days left in the year, but let’s assume that they have.

So $940,000 x12 is $11.280m, so the 4^th quarter should be around $5.54 million depending on whether the “on-pace” figure was achieved or exceeded even. I’m hoping we may have a little more even …