Ann: Appendix 4C - quarterly, page-10

Doing a little quarter on quarter comparison.

Q1 - Staff costs 700k
Q2- Staff Costs 164k

Wonder where this massive difference is? Either it's a mistake or pay has been withheld? I doubt they've taken such big pay cuts. Estimated Q3 staff cost back up at 499k

Q1 - Receipts from customers 846k
Q2 - Receipts from customers 1,372k

A solid 62% increase in receipts Q on Q. This is excellent growth.

Next Q forecast estimated cash outflows 1,449k and estimated 1,300 revenue.

"The Group was advised by the Liquidator of MeU (Mobile) Pty Ltd (MeU) on 8 June 2017 that the affairs of MeU had been fully wound up."


Overall these Quarterlies always seem to lack operations updates. A bit bland.