Ann: Preliminary Final Report, page-41

Right now the biggest positive is that there has been no funding news.

Let me first clarify that statement by saying providing of course that neither any more of the Obsidian loan facility has been drawn down or Mr Dunhill or anyone else has lent the company any funds that the company has yet to inform us about.

Why would I consider that to be really positive ?

Well it would mean that Syntonic has managed to cut the cash burn rate to under A$700,000 per month. Or under A$2.1M for this quarter which is a step in the right direction.

However the total lack of news these past few months makes it really hard to see how there going to close that funding gap even more in the December quarter, other than stopping loss leading the product.

LOTM