In the **elli Conference presentation dated 17 March 17 the cash burn per burn was $550k. As noted in above this has been reduced to $100k per month with no revenue from Pegasus Home Fashions yet recognised and with other key revenue drivers yet to commence. The positive trend is pleasing.
I do think that cash flow neutrality will be achieved during this quarter -maybe not CFN for the entire quarter but certainly from June 17.
Ann: Updated Shareholder / Investor Presentation, page-5
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