Ann: Company Update, page-5

Oh come on, let's be men about this... we're all a bit disappointed that there is nothing in there. Yes yes, great company, potential is huge, product amazing, crazy to sell here, amazing level to add more, save everyone's time and don't bother replying with the same thing over and over... we are all a little disappointed right! It's not down ramping to admit it! No FDA stage update (even with Obama gift), no actual Italian sales update (next shipment?), slightly higher than expected cash burn but inline cost expectations for next quarter and just a lot of what we have heard before.

To be fair, the price action has been telling us for the last week that no deal was about to be announced.

A few questions on the actual numbers from me, nothing major... why have we seen $1.1m cash burn in the quarter, but only expect 650k this coming quarter? Why is there no expenditure on product manufacturing in this quarter? Have all 790+28 units for this year already been made and costs are included in Q1 product manufacture? That would make sense, but it's not obvious.

Yes, the 28 shipped to EMEA are nice, but tiny. For those of you dreamers touting 140k target in 2 year then please don't tell me this is exciting. More inline with Mente 2 sales figures from 2014.

The main thing missing for me is ANY news on Italian sales. Have the 30 that have been shipped found a home yet? Training being conducted is fine, but I want to hear that they have ACTUALLY been sold, as we are meant to be shipping another 760 to Italy in the next 10 months.

In short... no new news, price already reflects that when it trades anywhere below 40c.... but come on, just admit it... we all hoped to see more than "at advanced stage talks" that we already heard 2 months ago in the investor slideshow.

In my opinion stock will trade same range 32c-40c until we get the next announcement, and I hope that is at least in Feb or March.

P.S. Why do revenue of 30 italian units shipped in December not fall into this quarter?