I am going to have to disagree with your 4C number calculation. You just can't calculate the March 4C revenue from the H1 accounts. Sure, you can give a broad estimate, with all things being similar to prior periods, but if the 4C revenue comes in close to your number it will be by coincidence. For what its worth I would think the 4C revenue will be $600k-$800k. It could change significantly if the R&D payment comes in.
Yes, investing is partly art. But having the right numbers is important. Yes, I sold out in October 2017 (@3.5c, this is my post when I exited, for those interested) after just being left frustrated and concerned for too long. I check back occasionally to see what is happening and read the accounts. Don't forget, they said it would be cashflow positive in Q1 of 2018. Didn't happen. I am still not sure what will happen with OBJ, but I am still very concerned if they will ever reach $2m in revenue per quarter.
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Ann: Appendix 4D 31 December 2018, page-49
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