Where we go from here...

Nothing particularly new in the numbers. At last we have more information on i) unit sales ii) italian mf's iii) next quarter cash burn

Quick and dirty calculations would say we have 3 quarters more before cash runs out with no further sales (2.6m plus 460 loan facility). So question is, what are realistic levels of sales for the distribution agreements now in place? 25 a month? 100 a month? 500 a month?! This is the huge question because even at 100 per month means that you double the amount of time that we survive before needing to raise cash, and basically by that time then you know 100% whether Carrick is a pass or fail.

Why is cash burn so high next quarter compared with this one? I hope for positive reasons!

Why is production cost $200k per quarter? How many units have we now got in stock, why are we making more?

The Italian news sounds slightly more positive than I had thought... actual euros paid and continued hope for future perhaps?

What happened to the Austrian trial? All is quiet on this? Hmmm.

The stock price moves I am ignoring now.... -10% or +20%... who cares. This is either 0 in 12 months or it is 2.00.

Priced in: no more cash from Italy, 50% potential for a further dilutive cash call, 50 sales this quarter (q4) we are in now, 100 in q1.

Frustrated: a little, Disappointed: that was done on last quarters results, Hopeful: Yes, I still am, still think it has huge potential from a very clever team. Impatient: don't invest unless you can afford to lose it all, or at least wait another 12 months to see it 10 bag.