Nice update.
Busy presentations over next few months.
Should attract more interest.
No CR looks more correct now.
Cash on 30/6/2018: $1.54m
Less: cash outflow in September quarter $0.69m
Estimated cash on 30/9/2018: $0.85m
Plus: Options exercising (if BIT stays above 6c next month): $4.7m
PlUs: R&D tax reform: $1m (last year R&D refund of $1.6m received on 1 November 2017)
Estimated total cash: $6.55m
Currently Quarterly cash burn rate is about $0.7m.
Ann: Letter to Shareholders, page-3
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